August 7, 2018 We started the flow of really important data on Friday, July 27. Though the numbers were preliminary, the first snapshot of economic growth for the second quarter was quite impressive. It more than made up for a weaker first quarter and you can be sure that the Federal Reserve Board’s Open Market […]
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Queens Real Estate News The Queens NY Real Estate Market Continues to boom Below is a list of the top 10 biggest real estate sales deals in Queens, New York during the First quarter of 2018: 1. 29-21 41st Ave, Long Island City, NY 11101 Purchase Price: $60 Million Sale of 183 room hotel located in Long […]
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June 26, 2018 We now have had some time to decipher the Federal Reserve Board’s statement after their meeting last week. The tone of the message can be described as hawkish. The Fed used words that were a bit stronger with regard to the economy and the future of interest rates. For example, economic growth […]
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June 12, 2018 This week the Federal Reserve Board’s Open Market Committee meets with analysts expecting another hike in rates. While the overwhelming sentiment is for a hike, the enthusiasm for such a move is slightly lower than it was a few weeks ago. Since then there has been a flurry of international news causing […]
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June 5, 2018 It is unusual for the monthly employment report to be released on the first day of the month. Friday, the first day of June, was an exception. Logically, you would think that data released this early would be subject to a higher level of revisions, but we have no statistics to support […]
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May 29, 2018 Interest rates have been rising this year. This is not surprising considering the fact that the economy continues to expand, we have added a tax cut into the equation and the Federal Reserve has been raising interest rates for the past two years. Most analysts are predicting rates to continue to increase. […]
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May 22, 2018 Foreign diplomacy has certainly hit the center stage during the past several weeks. The sabre rattling has stopped and now we are talking with North Korea. We are meeting with China in order to avert an all-out trade war. And we are pulling out of the Iran nuclear deal. We have seen […]
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May 15, 2018 The economic recovery recently hit an important milestone. It is now officially the second longest expansion in our history. For much of the expansion, the recovery has felt more painful than others. For one, the Great Recession was extremely deep and painful. Therefore, most Americans needed a long-term for their personal recovery […]
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May 8, 2018 If you were looking at the market’s actions heading into a busy first week of May, you would have predicted that the Federal Reserve was going to raise interest rates and we were going to get a “bounce-back” jobs report. Interest rates started rising about two weeks before the Fed was scheduled […]
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