Inside the Economy: The Consumer & Housing

SHJ Wealth Advisors

This week on “Inside the Economy”, we continue to wade through the summer doldrums. The consumer is still spending and enjoying historically elevated home equity values. As the Fed continues to raise rates, yields across the board also rise. Mortgages continue to climb, and longer-term treasury yields slip higher. How long until inflation and the cost of money normalize? Tune in to learn about this and more! Key Takeaways: • Bond yields continue to rise. • Oil prices slide below $80 per barrel. • Mortgage rates inched up above 7%.