Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside risks to economic growth, according to minutes of the June Read more
Tag: Economic Performance/Indicators
‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to Read more
U.S. job openings dip to 11.3 million, but labor market still historically strong
The numbers: The U.S. economy is cooling off, but the labor market is still red-hot: Job openings fell slightly in May to a still-high 11.3 million and layoffs remained near a Read more
U.S. businesses grow at slowest pace in 2 years, ISM shows, as economy softens
The numbers: An ISM barometer of business conditions at service-oriented companies such as restaurants, hotels and retailers fell slightly to 55.3% in June and hit the lowest level in two years Read more
Dividend stocks are a top inflation-fighting investment you want in your corner now
Investors are too quick to shun dividend-paying stocks when inflation worsens. That’s because they’re focusing on too short of a time horizon. When measured over at least several years, dividends Read more
Here’s the loophole that makes the U.S. housing market more wobbly than it appears
This housing market, it would appear, isn’t built on the same creaky foundations of the subprime crisis. Consider these statistics from Fannie Mae FNMA, the U.S. government-backed buyer of home Read more
U.S. homeownership rate tumbles to 1980s levels
High prices for everything from groceries to gas aren’t the only things making this year feel like a throwback to the 1980s. After almost a decade of gains, homeownership in Read more
Expect the stock market to be driven ‘more by earnings than the macro’, says Morgan Stanley’s Wilson
Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. Read more
Most essential workers have seen their pay increase during the pandemic — but many still don’t believe they’re being paid a fair wage
Pay for essential workers is rising, but many say it’s still not enough. Some 29 out of 30 essential-worker roles in industries such as public safety, food service, construction, maintenance Read more
The U.S. won’t officially be in recession if GDP shrinks again — and here’s why
Since World War Two the U.S. economy has never shrunk for two quarters in a row without a recession being declared, but an exception to the rule could happen soon. Read more