This week's financial and housing market activity update..." The Economy The dynamics of shelter costs played a pivotal role in the unexpected rise in January's inflation, mitigating the likelihood of an imminent rate cut by the Federal Reserve. Emphasizing caution,…
This week's financial and housing market activity update..." The Economy January witnessed a robust surge in job creation, indicating the resilience of the labor market and its capacity to drive broader economic expansion. Federal Reserve authorities reiterate their stance on…
This week's financial and housing market activity update..." The Economy The latest figures on consumer confidence paint an optimistic picture, reaching the highest point since December 2021 and showing a remarkable increase of over 30% from the low point observed…
This week's financial and housing market activity update..." The Economy Surpassing expectations, the economy demonstrated accelerated growth in the final quarter, driven by robust consumer spending, defying earlier predictions of a potential 2023 recession. Labor Market Resilience: Despite a 25K…
This week's financial and housing market activity update..." The Economy The Federal Reserve has indicated a halt in its policy rate hikes and the possibility of at least three cuts in 2024, a move expected to positively impact mortgage rates.…
This week's financial and housing market activity update... The Economy October witnessed a notable 3.6% downturn in factory orders, surpassing expectations and marking the most substantial monthly decrease in over three years [Reuters]. Job openings dropped to 8.7 million, falling…
This week's financial and housing market activity update... The Economy Inflation Holds Steady at 3.5%: The Federal Reserve's key measure of inflation, gauged through personal spending, demonstrated a year-over-year increase of 3.5% in October, aligning with market expectations. Mixed Signals…
This week's financial and housing market activity update... The Economy In October, the durable goods orders experienced a sharper decline than anticipated, influenced by diminished demand for auto parts due to the UAW strikes. Despite lower than expected durable goods…
This week's financial and housing market activity update... The Economy October's consumer price index (CPI) showed a better-than-expected slowdown in inflation. This is naturally spurring predictions that the Federal Reserve may continue to pause its aggressive interest rate hikes. The…
This week's financial and housing market activity update... The Economy In an effort to manage expectations for rate cuts, Federal Reserve members addressed the need to combat inflation and maintain stability in the market. Over the past 16 years, there…
