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HomeInflation Reduction Act

Inflation Reduction Act

Inflation Reduction Act
Economy

The US Inflation Reduction Act one year on – what’s been achieved for the green economy?

August 23, 2023 Mark Paul Cervantes Comments Off on The US Inflation Reduction Act one year on – what’s been achieved for the green economy?

One year on, the Inflation Reduction Act has sparked a green revolution in the US. Tax breaks have seen a surge in sales of electric vehicles and heat pumps. The World Economic Forum’s Future of […]

Inflation Reduction Act
Economy

A Year Later, the Inflation Reduction Act Likely Hasn’t Reduced Inflation—But Give It Time

August 18, 2023 Mark Paul Cervantes Comments Off on A Year Later, the Inflation Reduction Act Likely Hasn’t Reduced Inflation—But Give It Time

KEY TAKEAWAYS Inflation has receded over the last year without much help from the Inflation Reduction Act passed last August, economists say. Supply chain improvements and Federal Reserve rate hikes were more responsible for consumer […]

inflation
Economy

Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit

August 14, 2023 Mark Paul Cervantes Comments Off on Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit

WASHINGTON (AP) — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the […]

Inflation Reduction Act
Economy

The Inflation Reduction Act could energize the economy

May 1, 2023 Mark Paul Cervantes Comments Off on The Inflation Reduction Act could energize the economy

Last August, Congress enacted a significant piece of climate legislation, the Inflation Reduction Act (IRA). The IRA is vast and the climate issues it confronts are massive, reorienting the way the U.S. and global economies […]

investment
Economy

The Inflation Reduction Act’s simple math is luring billions in foreign investment

April 20, 2023 Mark Paul Cervantes Comments Off on The Inflation Reduction Act’s simple math is luring billions in foreign investment

Companies are now announcing multi-billion dollar investments in U.S. clean energy and transportation seemingly every week. But what’s even more striking than the pace of the commitments is how many of them are coming from […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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