The Fed held the Fed Funds rate at a range of 5.25% - 5.5%, which is where it has been since the last time the Fed hiked rates in July. In terms of holding the Fed funds rate at a consistent level, this will go down as the longest since 2007, and is the second-longest tightening cycle of all time.
"There are no quick fixes here, and for the most part the government has no plans to remove regulatory costs - only to impose more."
The fix seems to be people relocating from states with building restrictions like New York and California to those without it, which has been accelerated by the ability of much of the work force in the restricted states to work remotely.
bring back the Gipper!
"There are no quick fixes here, and for the most part the government has no plans to remove regulatory costs - only to impose more."
The fix seems to be people relocating from states with building restrictions like New York and California to those without it, which has been accelerated by the ability of much of the work force in the restricted states to work remotely.