Author: Edmund DeMarche (Edmund DeMarche)

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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED

Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...

UKRAINE: ZELENSKY TRIES TO JOIN NATO AGAIN AND MAKE WWIII OFFICIAL
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UKRAINE: ZELENSKY TRIES TO JOIN NATO AGAIN AND MAKE WWIII OFFICIAL

President Joe Biden said in a statement. “Russia is violating international law, trampling on the United Nations Charter, and showing its contempt for peaceful nations everywhere.” Putin announced the annexation of  Donetsk, Luhansk, Kherson and Zaporizhzhia. “This is the will of millions of people,” Putin said. He took a shot at the “enemy” West, and...

‘PREPOSTEROUS’ TO THINK U.S. WOULD BE BEHIND NORD STREAM SABOTAGE: NED PRICE
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‘PREPOSTEROUS’ TO THINK U.S. WOULD BE BEHIND NORD STREAM SABOTAGE: NED PRICE

Ned Price, the State Department spokesman, brushed off the Russian “disinformation” blaming the U.S. of sabotaging the Nord Stream 1 and 2 pipelines in the Baltic Sea. The North Atlantic Treaty Organization, or NATO, warned that the sabotage “would be met with a united and determined response.” Price, who has worked as a senior analyst...

MORTGAGES IN U.S. HIT HIGHEST LEVEL SINCE THE 2008 FINANCIAL CRISIS
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MORTGAGES IN U.S. HIT HIGHEST LEVEL SINCE THE 2008 FINANCIAL CRISIS

The average mortgage rate on a 30-year fixed mortgage hit 6.7 percent, according to a survey released Thursday by the mortgage giant Freddie Mac. “The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” a statement read.  “Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has...

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