Getty Images Key takeaways The Consumer Confidence Index fell 4.5 points between May and June to its lowest point since February 2021 (98.7) Despite low consumer confidence, the economy continues to expand, with durable and non-defense capital goods orders rising month over month Currently, economists seem to say that we’re not due any recession (or…
Topline Stocks have struggled for direction since falling into a bear market earlier this month amid looming recession fears, but history shows that the market’s rapid pace of decline this year could actually be a positive sign—with stocks set to rebound if the broader economy avoids a downturn. The current bear market is “light relative…
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year, but could cool by later in 2022 thanks…
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fears and new economic data showing that consumer confidence plunged to a 16-month low. Despite a strong rally last week,…
Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand. Sales were still down “sizably” from a year ago as…
US Post Office in Oro Grande, New Mexico, zip code 88342 (Photo by: Joe Sohm/Visions of … [+] America/Universal Images Group via Getty Images) Universal Images Group via Getty Images All economists know that lowering prices by creating recessions hurts the most vulnerable and makes inequality worse. We would welcome a tool that helps boost…
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices ahead of the midterm elections in November, analysts at Goldman Sachs warned on Friday, adding that the central bank may feel “compelled” to keep hiking rates aggressively.…
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. “It seems Wall Street is starting to believe that even if the economy…
WASHINGTON, DC – FEBRUARY 16: U.S. Sen. Todd Young (R-ID) references a chart on rising costs during … [+] a press conference on inflation, at the Russell Senate Office Building on February 16, 2022 in Washington, DC. The Republican Senators blamed the near record high inflation on the Biden Administration and the Democratic fiscal agenda.…
The U.S. stock market continues its treacherous year, with the S&P 500 year to date declining over 20% and the Nasdaq Composite Index posting a 28% decline as of June 22. The sharp price declines in equities were driven by the Federal Reserve raising rates and reducing its balance sheet in an attempt to slow…