Financial News for the Week of June 24, 2022
Financial News Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April and 2.5 months in May of last year.…
Featured Article: 9 Under-the-Radar Vacation Spots in Europe
9 Under-the-Radar Vacation Spots in Europe Where to beat inflation and crowds in Europe this summer? Here, 9 travel alternatives to the usual hot spots in Italy, France and Spain So you missed your chance to travel too Venice, Paris and Barcelona…
Financial News for the Week of June 10, 2022
Financial News Highlights U.S. CPI came in above expectations, with the headline reading reaching a new 40-year high. Core inflation also surprised with a broad-based acceleration. The U.S. trade deficit narrowed in April with both lower U.S.…
Financial News for the Week of June 3rd, 2022
Financial News Highlights The U.S. economy continued to add jobs in May, though at a slower pace than in the previous month. The unemployment rate held steady at 3.6% and the labor force participation rate edged up by 0.1 percentage point. Job…
Financial News for the Week of May 27th, 2022
Highlights The second estimate of U.S. GDP growth confirmed that the economy contracted in the first quarter of the year, pulling back by 1.5% relative to the 1.4% reported previously. The housing market continued to show signs of buyer wariness as…
Should You Undo Your Retirement and Go Back to Work?
Should You Undo Your Retirement and Go Back to Work? These Questions Might Give You the Answer. Many retirees have blind spots that could prevent them from seeing why it might make sense to get back to work from retirement, at least part time A…
Financial News for the Week of May 13th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK US retail sales rose by 0.9% m/m, while the control group grew by a stronger 1% m/m. Revisions to the month prior were also positive, suggesting Q1 spending ended the quarter on a firmer footing. Home sales…
Financial News for the Week of May 13th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The consumer price index (CPI) report showed that both overall and core price pressures eased a touch in year-over-year terms in April. Overall inflation fell to 8.3% y/y from 8.5% in the month prior, while…
Financial News for the Week of May 6th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The Fed raised the monetary policy rate by 50 basis points for the first time since 2000 and signaled more hikes of the same magnitude are in the works. The economy added more jobs than expected in April, but…
Financial News for the Week of April 29th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. economic growth contracted in the first three months of 2022. Real GDP fell 1.4% due largely to a sizeable increase in the trade deficit. The U.S. goods trade deficit widened unexpectedly by almost 18% to…