From Investing.com: 2024-05-20 15:04:00

The post-pandemic economy is impacting people differently, with homeowners benefiting from low mortgage rates while renters struggle with rising costs. The Federal Reserve is debating the effectiveness of monetary policy due to these dynamics. Refinancing activity hit record highs, providing extra cash for homeowners and delaying an economic downturn. As the economy slows down, investors should watch the labor market and consumer spending for signs of change. LPL’s Strategic and Tactical Asset Allocation Committee recommends a neutral stance on equities and a modest overweight to fixed income. The impact of refinancing on the economy will be a key topic at the upcoming Jackson Hole Symposium.



Read more at Investing.com: How’s the Housing Market Going? Depends on Who You Ask