Housing Market
Financial News for the Week of August 5th, 2022
Financial News Highlights The U.S. economy added a whopping 528k jobs in July, pushing employment above its pre-pandemic level. The unemployment rate also ticked lower, falling back to its pre-pandemic historical low of 3.5%. Sentiment indicators…
Financial News for the Week of July 29th, 2022
Financial News Highlights Highlights Real GDP declined for the second consecutive quarter in Q2, meeting one (narrow) criteria of a recession. The Federal Reserve delivered another supersized rate hike of 75bps this week, bringing the upper bound…
Financial News for the Week of July 22nd, 2022
Financial News Highlights June’s housing data showed another decline in activity as the effects of higher mortgage rates and stretched affordability impact the market. A strong labor market and tight inventories will support housing construction…
Financial News for the Week of July 15th, 2022
Financial News Highlights Market sentiment soured this week on stronger than expected CPI data and a weak start to corporate earnings season. US CPI accelerated in June, rising 1.3% m/m, pushing the year-ago measure to a new multidecade high of…
Financial News for the Week of July 8th, 2022
Financial News Highlights Recession calls increased this week, but the job market begged to differ. The U.S. added 372k jobs in June, keeping the unemployment rate at its historic low of 3.6% and amplifying fears about inflation. In contrast,…
Financial News for the Week of July 1st, 2022
Financial News Highlights Real personal consumption expenditures contracted in May, as consumers continue to tap excess savings. Indeed, in another sign that demand may be softening, core PCE inflation (that excludes food and energy) declined again…
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.…
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…