Core Insights - The concept of "childhood home" is evolving, with more young adults (34 and under) choosing to live at home, increasing by 1.5 million in the last decade [1] - The trend is particularly pronounced in states like California, Texas, and Florida, driven by a housing crisis that makes it difficult for young people to afford rent or home purchases [2] - A significant number of adult children living at home contribute nothing to household expenses, with 61% of them providing $0, while parents are financially supporting their grown children at an average of $1,384 per month [5][6] Housing and Financial Context - The median rent in the U.S. reached $1,743 in November, making living at home a financially attractive option for young adults [3] - Parents who charge their adult children rent can offer a favorable deal compared to market rates, while also focusing on their own financial security for retirement [3] - The financial burden on parents is evident, as they are only saving $609 per month for retirement, which is less than half of what they spend on their adult children [6] Societal Implications - The dynamic of adult children living at home can be mutually beneficial, allowing parents to assist their children in saving money while also addressing their own financial needs [3] - Concerns are rising among parents, with nearly 25% fearing that their children will remain financially dependent on them for an extended period [6] - Young adults face significant challenges, including rising inflation and student debt, which contribute to their decision to live at home [7]

President Trump uh says he's made his choice on the next Fed chair to replace Jay Pal, but he isn't making uh the name public just yet. Joining us now, former Cleveland Fed President Loretta Mester. She's also a CNBC contributor.I I guess you don't um you probably don't want to tell us who you'd like uh Loretta, but what what type of person uh would you like to be the next head. >> Yeah, good morning, Joe. Hope you had a good holiday.>> I mean, we need somebody who's going to be a thoughtful leader who can ...

“When in reality, they usually spend more because they have more time to do a lot of the things that they enjoy doing,” certified financial planner Uziel Gomez, founder of Primeros Financial in Los Angeles, told CNBC.Many adults plan for retirement, thinking that they can cut down expenses when they retire.Some older Americans have already expressed that the COLA isn’t enough to cover the rising costs of health care, housing and food. Their concerns are supported by Goldman Sachs Asset Management research, ...

Americans have never taken kindly to ballooning numbers. Perhaps the obvious answer for politicians is to knock a zero off the dollar and at last give voters the cheap-looking prices they crave https://t.co/L50x3gbDy8 ...

people at data bricks, they seem to have a pretty nice holiday valuation going up. You've been on the show before talking about just the number of software companies that are private, like about 90% or so are private. These valuations, they just keep surging higher.What does that mean for investors of both the private markets and the public markets. >> Yeah, look, I think it's the number one question that we're all grappling with, whether it's public or private, are the valuations that we're seeing within t ...

Core Insights - Mortgage rates have shown a gradual decline, providing some relief to homebuyers and homeowners after a prolonged period of high borrowing costs, with the average rate for a 30-year fixed-rate conforming mortgage falling to 6.144% [1][11] - Despite recent decreases, current mortgage rates remain significantly higher than the ultra-low rates experienced earlier in the decade, which were around 2.65% in early 2021 [3][11] - The Federal Reserve's actions, including recent rate cuts, have influenced mortgage rates, but broader economic conditions suggest that rates in the 2% to 3% range are unlikely to return [6][12] Mortgage Rate Trends - The average interest rates for various mortgage types have seen small but broad declines, including a drop in the 30-year conventional mortgage from 6.244% to 6.144% over the past week [4][11] - Other mortgage types also experienced declines, such as the 30-year FHA rate decreasing from 6.102% to 5.990% and the 30-year VA rate falling from 5.853% to 5.764% [4] Economic Influences - The current lending environment is characterized by typical economic conditions, with inflation uncertainty impacting mortgage rates [6][12] - Factors such as federal deficits and demand for loans also play a significant role in influencing mortgage rates, where weak demand may lead to lower rates and strong demand may allow lenders to charge more [8][12] - The Federal Reserve's quantitative tightening campaign, which has been ongoing since 2022, is set to officially end on December 1, 2025, potentially affecting future mortgage rates [9][12]

This week, the September reading of the U.S. core personal consumption expenditures price index, the Fed’s preferred inflation gauge, will be the main highlight. The Bureau of Economic Analysis will release the long-delayed PCE price data, along with personal income and spending figures, on Friday. “[Recent] soft core CPI and PPI reports suggest that tariffs continue to have more bark than bite with regard to inflation, and this should also be reflected in this week’s September core PCE deflator,” according ...

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's recent interest rate cuts [1][3] - The highest CD rate currently available is 4.1% APY, offered by Marcus by Goldman Sachs and Sallie Mae [2] - The national average CD rate for a 1-year term is 1.68%, indicating that current rates are among the highest seen in nearly two decades [3] Best CD Rates - As of December 1, 2025, the top CD rate is 4.1% APY for 14-month and 15-month terms [2] - Online banks and credit unions typically provide more competitive rates compared to traditional banks [3] Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions [4] - Online banks often have lower overhead costs, allowing them to offer higher interest rates on CDs [4] - Potential investors should check minimum deposit requirements and review account terms, including early withdrawal penalties [4]

Find out which banks are offering the top rates. Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or ...

Summary of Economic Outlook and Key Insights Industry Overview - The report focuses on the **US economy** and its outlook for 2026 and 2027, highlighting key economic indicators and potential risks and opportunities. Core Insights 1. **Economic Growth Forecast**: The US economy is expected to grow by **2.4% in 2026** and **2.2% in 2027**, driven by consumer resilience and fiscal stimulus from the OBBBA [1][11][25] 2. **Tailwinds for Growth**: Five main factors are identified as tailwinds for 2026: - OBBBA contributing **0.3-0.4 percentage points** to GDP growth [2][14] - Lagged effects of Fed rate cuts boosting activity in the second half of 2026 [2][16] - Supportive trade policies regardless of IEEPA tariff outcomes [2][21] - Continued growth in AI-related investments [2][24] - Base effects from the end of the government shutdown enhancing GDP growth [2][24] 3. **Inflation Projections**: - Headline PCE inflation is forecasted at **2.6%** and core PCE at **2.8%** for 4Q 2026, remaining above the Fed's target through 2027 [3][26] - Tariffs are expected to keep core PCE inflation above **3%** until 3Q 2026 [3][27] 4. **Labor Market Dynamics**: - The labor market is stabilizing, with job growth expected to average **50,000 per month** in 2026, and the unemployment rate projected to peak at **4.5%** before declining to **4.3%** by 4Q 2026 [4][38] - Immigration policy changes are impacting job growth, lowering the breakeven job growth rate to about **20,000 per month** [4][39] 5. **Federal Reserve Policy Outlook**: - The Fed is anticipated to maintain rates around **3.0-3.25%** by 3Q 2026, with potential for further cuts depending on labor market stabilization [5][43] - The next Fed Chair is expected to adopt a dovish stance, influencing future monetary policy [5][42] Risks and Opportunities 1. **Downside Risks**: - A potential labor market downturn could lead to reduced consumer spending and further job cuts [6][44] - A slowdown in AI investment could shock equity and credit markets, impacting consumption [6][46] 2. **Upside Risks**: - Additional fiscal stimulus, such as tariff refunds to consumers, could enhance growth and inflation [7][51] - The Fed may cut rates to **2%** despite a resilient economy, which could lead to financial repression [7][54] Additional Insights - The report emphasizes the importance of consumer spending, which has shown resilience despite labor market challenges [10][37] - The potential impact of the **men's soccer World Cup** on service prices is noted, indicating possible one-off price adjustments [28] - The report highlights the K-shaped nature of consumer spending, where higher-income households are driving spending growth [46][49] This comprehensive outlook provides a detailed analysis of the US economic landscape, identifying key growth drivers, inflation expectations, labor market trends, and potential risks that investors should consider.