Category: Atlanta

Posted on

Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

I live in the 30310-zip code made up primarily of Atlanta’s West End neighborhood. There is a population of approximately 26,062 people with a median income of $24,604. 79.9% of the residents classify themselves as African American or black, while 12.4% of residents classify themselves as white or Caucasian. The unemployment rate hovers around 4.6%. … Continue reading Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

Posted on

So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …

Hopes for a rate cut any time soon appear dashed as the Consumer Price Index increased 0.4% in February and 3.2% over the last 12 months. The dollar apparently strengthened on the news. Here are the new rates, as of 8:30 am today that facing the Atlanta international community. USD/JPY=147.7863 EUR/USD=1.0917 USD/MXN=16.8123 USD/INR=82.7776 Source: x-rates.com … Continue reading So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …

Posted on

What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

Today’s rates …. 30-Day Federal Funds Futures: 94.69. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40%. Discount Window: 5.50%. CME FedWatch: 96.8%. EUR/USD=1.0931. GBP/USD=1.2594. USD/JPY=149.6608. (Foreign exchange rates as of 7:38 pm EDT.) Today’s definition … Federal funds rate-the interest rate at which depository institutions lend reserve balances to other depository institutions overnight. … Continue reading What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

Posted on

Georgia and the Fed: Is Atlanta putting too much housing supply out there?

The takeaway …. Driving through the streets of Atlanta and new apartment building development appears on the rise. I shudder to think what rents may be for these new developments. I have seen prices for new multi-family developments in the East Atlanta/Inman Park/Reynoldstown area starting at purchase prices in the upper $500K range. Yes, the … Continue reading Georgia and the Fed: Is Atlanta putting too much housing supply out there?