Housing Market
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…
Financial News for the Week of April 22nd, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK US yields continued to move higher this week, as Fed Chair Jerome Powell solidified the case for a 50-basis point rate hike at the Fed’s next meeting on May 4th. He also left the door open to additional 50 bps…
Financial News for the Week of April 15th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Overall inflation as measured by the CPI accelerated to 8.5% year-over-year (y/y) in March, marking yet another multi-decade high. Core inflation, which excludes food and energy, ticked up a tenth of a…
Financial News for the Week of April 8th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The first full week of the second quarter was sparse on economic data. The service sector showed signs of modest acceleration, while vehicle sales declined for the second consecutive month in March. The…
Financial News for the Week of April 1st, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Another solid jobs report showed that the U.S. economy added 431k jobs in March. Wage growth picked up and the unemployment rate fell 0.2 percentage points to 3.6%. President Biden presented a $5.8 trillion…
Financial News for the Week of March 25th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK In a carefully crafted speech this week in D.C., Fed Chair Powell reaffirmed the Fed’s keenness for a more aggressive removal of monetary stimulus in order to restore price stability. Powell highlighted the…
Financial News for the Week of February 18th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Inflation concerns and rising geopolitical tensions took a toll on equity markets this week. Regarding inflation and monetary policy, minutes from the January FOMC meeting indicate that most participants…
Financial News for the Week of January 21, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Early signs of the pandemic’s toll on economic activity were evident in softer-than-expected home sales and a deceleration in regional manufacturing surveys. The current soft patch will likely prove temporary,…
Financial News for the Week of November 22, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Stocks were volatile this week amid signs that U.S.-China trade talks may be stalling. Cautious optimism briefly returned on Friday on news that the Chinese president was calling for the two sides to…