PNWA Monthly Video - June 2023
Let's dive into some key economic insights that affect us all. Firstly, inflation is actually on a downward trend, not just in the U.S., but also in Europe and other regions. This is due to factors like lower energy prices, smoother supply chains, and the steady increase of interest rates by major banks. The effects of this are already starting to show, with housing prices cooling off in certain areas. Although inflation is still above the Federal Reserve's target, it takes time for these changes to fully impact the economy. Meanwhile, recent shake-ups in the banking world could potentially slow down the economy, as banks become more cautious about lending. These factors combined are reshaping the game of interest rates, influencing everything from grocery bills to mortgage rates. It's essential to keep a close eye on these developments as they have far-reaching implications for our daily lives.