Stretching Your Dollar: Report Shows Rents Stable Nationally, Soaring in Some States
A report from Rent.com finds that prices are stabilizing at the national level but some states are still seeing some skyrocketing rates. Jon Leckie, a researcher with Rent.com, joined Cheddar News to provide the big takeaways on what're the latest trends from the report.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
