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Here’s What You Can Do to Prepare for the Coming Rate Hike, GDP Growth, $2B Relief for Renters/Property Owners

Martin Eiden | February 23, 2022

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New and Noteworthy

Here’s What You Can Do to Prepare for the Coming Rate Hike

The Federal Reserve laid the groundwork for interest rate hikes Wednesday.

At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond-buying after a variety of inflation reports reached their highest levels in decades.

Real the full story to learn how you can prepare.

GDP Growth

Some good news: Gross domestic product accelerated 6.9% in the fourth quarter, well ahead of the 5.5% estimate. Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984. Gross private domestic investment, a gauge of business spending and inventory build, soared 32%. (Full Story)

$2B Relief for Renters/Property Owners

In a letter addressed to Senator Chuck Schumer, Senator Kirsten Gillibrand, and Members of New York’s Congressional Delegation, twelve New York real estate organizations are asking for $2 billion in funding for rent relief not just for renters, but for the state’s rental property owners who are struggling to pay expenses because of rent not being paid.

(Full Story)

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Here’s What You Can Do to Prepare for the Coming Rate Hike, GDP Growth, $2B Relief for Renters/Property Owners

Featured Blogs

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

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DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

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Here’s What You Can Do to Prepare for the Coming Rate Hike, GDP Growth, $2B Relief for Renters/Property Owners

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FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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