‘Almost impossible’: Janet Yellen despairs at housing market’s one-two punch for first-time buyers
Home prices are up in every major U.S. city, plus mortgage rates are nearing their 2023 peak. Read…
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Economy
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Analysts have long complained about fuzzy statistics from China. A new data fraud law shows Beijing is worried too
Economists and even Chinese officials have used their own pet statistics to better understand the world’s second-largest economy.…
Jerome Powell has had it with the 1970s talk, saying he doesn’t see the ‘stag’ or the ‘-flation’ investors are worried about
“I was around for stagflation,” the Fed chair reminded observers. Read More Czytaj więcej We współpracy z: https://fortune.com/2024/05/01/jerome-powell-stagflation-1970s-inflation-economic-growth-interest-rates/
Study finding South Florida homes are 35% overvalued sparks bubble worries
The combination of rising housing premiums and mortgage rates is “a potential worrying sign for the housing market,”…
The $34 trillion U.S debt is nearly as big as its own economy and there’s (still) no plan to fix it
Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it’s a looming…
Wall Street’s hope for a rate cut any time soon is dimming as Powell wrangles persistently hot inflation
Most economists say they still expect two cuts this year. But many acknowledge that one or even no…
Why Japan’s currency is cratering right now, even though its stock market is red hot
There are several reasons for the yen’s underperformance compared to the dollar, but the main one is clear:…
Millennials have it better than everyone thinks, accumulating wealth faster than anyone else since the pandemic, new data shows
“This historic growth is without parallel in recent decades,” according to an analysis from the Center for American…
Jerome Powell may not rule out future rate hikes as the Fed gets ready to meet amid stubborn inflation
Some analysts on Wall Street think Powell will say rate hikes aren’t the base case but will depend…
The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says
“Higher rates are intended to cool consumer demand; the trouble for the Fed is: it’s not working.” Read…