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Also, here’s why oil prices have been rising recently. ͏ ͏
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Also, hereâs why oil prices have been rising recently.
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â 
[The Charlotte Observer](~/AAQRxQA~/RgRn-sbZP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ April 11, 2024 ⢠Issue #80 [The Money Section] This week, weâre looking at why a Federal Reserve interest rate cut before summerâs end seems less likely, a J.P. Morgan pro that says the Fed has it all backward, and why oil prices have been rising recently (again). Used Car Prices Could Decline 14% as Inventory Rebounds [Used Cars](~/AAQRxQA~/RgRn-sbZP0SVaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS91c2VkLWNhci1wcmljZXMtZGVjbGluZS1wcmVkaWN0aW9uLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Getty Images Used car prices are expected to decrease by up to 14% as the market rebounds from supply chain upheavals that sent prices skyrocketing. A new report suggests that both used and new vehicle prices are expected to find their footing in the coming years, paving the way for [more wallet-friendly deals.](~/AAQRxQA~/RgRn-sbZP0SVaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS91c2VkLWNhci1wcmljZXMtZGVjbGluZS1wcmVkaWN0aW9uLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ð Hot Inflation Report Signals Possible Fed Rate Cut Delay. After another strong U.S. inflation report, a Federal Reserve interest-rate cut before summerâs end seems less likely. Traders are now eyeing the Fedâs mid-September meeting for a potential rate reduction, with the chance of no rate cuts this year rising to about 10%. [Hereâs what you need to know.](~/AAQRxQA~/RgRn-sbZP0RiaHR0cHM6Ly93d3cucmV1dGVycy5jb20vbWFya2V0cy9yYXRlcy1ib25kcy9mZWQtc2Vlbi13YWl0aW5nLXVudGlsLXNlcHRlbWJlci1jdXQtcmF0ZXMtMjAyNC0wNC0xMC9XA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) âï¸ Rates Cross Back Over 7% While Refi Demand Surges. The average interest rate for 30-year fixed-rate mortgages rose to 7.01%, influenced by Federal Reserve officialsâ cautious stance on rate cuts and persistently high inflation. Despite this, there was a 10% surge in refinancing applications. [Hereâs why.](~/AAQRxQA~/RgRn-sbZP0RtaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNC8xMC9tb3J0Z2FnZS1yZWZpbmFuY2UtZGVtYW5kLXN1cmdlcy1ldmVuLWFzLXJhdGVzLWNyb3NzLWJhY2stb3Zlci03cGVyY2VudC0uaHRtbFcDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Will Bitcoin Ever Become a Useful Currency? [Bitcoin](~/AAQRxQA~/RgRn-sbZP0SVaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2lzLWJpdGNvaW4tY3J5cHRvLWFjdHVhbGx5LWN1cnJlbmN5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Money; Getty Images Cryptocurrency âparticularly Bitcoinâ is experiencing another surge in popularity and prices reminiscent of the 2021 bull market, driven partly by the approval of Bitcoin ETFs and an upcoming halving event. However, [questions persist about its practical utility as a form of currency.](~/AAQRxQA~/RgRn-sbZP0SVaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2lzLWJpdGNvaW4tY3J5cHRvLWFjdHVhbGx5LWN1cnJlbmN5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) â©ï¸ This J.P. Morgan Pro Says the Fed Has It Backward. Jack Manley, an executive director at J.P. Morgan, urges the Federal Reserve to lower interest rates to combat rising inflation. He argues that high interest rates are fueling inflation, creating a âpeculiar chicken-and-egg type of situation.â [Read more.](~/AAQRxQA~/RgRn-sbZP0SgaHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS9tYXJrZXRzL2FyZS1oaWdoZXItcmF0ZXMtbm93LWZ1ZWxpbmctaGlnaGVyLWluZmxhdGlvbi10aGlzLWotcC1tb3JnYW4tc3RyYXRlZ2lzdC10aGlua3Mtc28vYXItQkIxbGp3ckI_b2NpZD1maW5hbmNlLXZlcnRocC1mZWVkc1cDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) 𥷠Get Ready For Sneaky New Credit Card Fees. The Consumer Financial Protection Bureau has announced a rule to reduce late credit card fees from the typical $32 to $8 for the first violation. However, banks and credit card companies are likely to offset these losses with other sneaky fees and adjustments. [Hereâs what you need to know.](~/AAQRxQA~/RgRn-sbZP0RnaHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9jcmVkaXQtY2FyZC1sYXRlLWZlZXMtY2FwLXN3aXBlLW1hc3RlcmNhcmQtdmlzYS1qcG1vcmdhbi1yZXdhcmRzLTIwMjQtNFcDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) See Moneyâs Best Places to Live for 2024 [Oklahoma City](~/AAQRxQA~/RgRn-sbZP0ScaHR0cHM6Ly9tb25leS5jb20vYmVzdC1wbGFjZXMtbGl2ZS1jb21tdW5pdHktcmVzaWxpZW50LWVjb25vbWljYWxseS10aHJpdmluZy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTgwVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Visit Oklahoma City Cities like Oklahoma City make the list thanks to their community-driven initiatives like the MAPs plan, which helped revitalize them and create vibrant, livable communities. Similarly, places like Detroit, Metuchen, and Boise are addressing affordability challenges with [innovative housing programs, and more.](~/AAQRxQA~/RgRn-sbZP0ScaHR0cHM6Ly9tb25leS5jb20vYmVzdC1wbGFjZXMtbGl2ZS1jb21tdW5pdHktcmVzaWxpZW50LWVjb25vbWljYWxseS10aHJpdmluZy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTgwVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð¢ï¸ Why Oil Prices Have Been Rising Recently. Oil prices have surged recently due to concerns about supply disruptions from the war in Ukraine and the Middle East conflict. The production cuts by OPEC+ and strong summer demand are expected to push prices even higher, making it harder for central banks to control inflation and [causing problems for the Biden administration.](~/AAQRxQA~/RgRn-sbZP0Q_aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNC8wOS9idXNpbmVzcy9vaWwtcHJpY2UtcmlzZS5odG1sVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð Dow Closes 422 Points Lower After Inflation Report. Unexpectedly high inflation data for March triggered a sharp sell-off in U.S. stocks on Wednesday. Investors fear this will delay the Federal Reserveâs planned interest rate cuts, potentially hurting the economy and various industries. [Read more.](~/AAQRxQA~/RgRn-sbZP0RXaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNC8xMC9tYXJrZXRzL21hcmtldHMtZmFsbC1jcGktaW5mbGF0aW9uLXJlcG9ydC9pbmRleC5odG1sVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Smart Money Move Gold Is Having Its Best Run Ever [Car] [Gold] The price of spot gold reached an all-time high of $2,364 per ounce on Tuesday, making it an attractive time to invest (if you havenât already). Gold IRAs are retirement accounts that enable investors to add physical gold to their portfolio instead of stocks and bonds. These accounts provide tax benefits, help protect against inflation, and are easier to set up and manage than purchasing physical gold. [Donât let inflation throw your savings into disarray â view our Best Gold IRAs list and start diversifying your portfolio.](~/AAQRxQA~/RgRn-sbZP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2xhYjAyMmRmZTNmNT94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Stories we're reading this week - [Buying Mortgage Points Can Lower Your House Payments. But What the Heck Are They?](~/AAQRxQA~/RgRn-sbZP0SEaHR0cHM6Ly9tb25leS5jb20vbW9ydGdhZ2UtZGlzY291bnQtcG9pbnRzLXJlZmluYW5jZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTgwVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [Trump No Longer On Bloomberg Billionaires Index After Truth Social Stock Plummets](~/AAQRxQA~/RgRn-sbZP0RYaHR0cHM6Ly93d3cudXNhdG9kYXkuY29tL3N0b3J5L21vbmV5LzIwMjQvMDQvMDkvdHJ1bXAtbWVkaWEtc3RvY2stcHJpY2UtZGlwLzczMjYwNzI3MDA3L1cDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Walmart Settlement: Grocery Shoppers Can Get up to $500 From Class Action Lawsuit](~/AAQRxQA~/RgRn-sbZP0SNaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS93YWxtYXJ0LWxhd3N1aXQtc2V0dGxlbWVudC1jbGFpbS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTgwVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [Gold Has Outperformed the S&P 500 So Far This Year](~/AAQRxQA~/RgRn-sbZP0SSaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2dvbGQtdnMtc3RvY2tzLXBlcmZvcm1hbmNlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODBXA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO)
- [Amazon Invests $25 Million In a 10-Year Research Collaboration To Advance AI](~/AAQRxQA~/RgRn-sbZP0SBaHR0cHM6Ly93d3cuYWJvdXRhbWF6b24uY29tL25ld3MvaW5ub3ZhdGlvbi1hdC1hbWF6b24vYW1hem9uLWludmVzdHMtMjUtbWlsbGlvbi1pbi1hLTEwLXllYXItcmVzZWFyY2gtY29sbGFib3JhdGlvbi10by1hZHZhbmNlLWFpVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [Bidenâs New Student Loan Forgiveness Plan Could Cancel Debt for 30 Million](~/AAQRxQA~/RgRn-sbZP0SRaHR0cHM6Ly9tb25leS5jb20vYmlkZW4tdW52ZWlscy1uZXctc3R1ZGVudC1sb2FuLWZvcmdpdmVuZXNzLXBsYW4vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4MFcDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Tesla Risks Losing Its Lead Without An Inexpensive EV](~/AAQRxQA~/RgRn-sbZP0Q9aHR0cHM6Ly90ZWNoY3J1bmNoLmNvbS8yMDI0LzA0LzA5L3Rlc2xhLW11c2stMjVrLWV2LWRlY2lzaW9uL1cDc3BjQgpmENpBGGZa03UCUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRn-sbZP0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRn-sbZP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRn-sbZP0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmYQ2kEYZlrTdQJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRn-sbZP0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZhDaQRhmWtN1AlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved.
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