The FedThe Fed is working to fight inflation for the first time in decades, fueling a debate over a key question: Are there alternative ways to fight inflation and avoid recession? Fed funds rate increase = job losses and recession. There hasn’t been an unemployment rate increase of even .35% without causing a recession.Highlights The conflict in Russia has added …
HousingThe Housing Party is Starting to Wind Down depicts a waning housing market. The economy is reopening, creating less need for home offices or classrooms. The stampede from small, urban apartments to houses in the suburbs or rural areas seems to have peaked. New home sales jumped from a $649K annual rate in Oct. to $811K in December but will …
For 2021, the annual gift tax exemption was $15,000 per recipient. In 2022, that number went up to $16,000. You can give up to $16,000 to as many people as you want during the coming year without any of it being subject to a gift tax. The IRS imposes the gift tax if you transfer money or property to another person without receiving at …