Be Well: Assessing the State of the Economy With Marty Cantor
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the state of the economy as the latest economic data revealed that inflation slowed in May. Cantor said despite the cooling period, inflation continues to be a thorn in the side of the U.S. economy.
The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high-interest rates and a hazy outlook for the economy.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
