Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators…
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Inflation Adjusted House Prices 3.1% Below Peak; Price-to-rent index is 7.0% below recent peak
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.1% Below Peak; Price-to-rent index is 7.0% below…
Continue ReadingThe First thing to Go in a Recession
Leading Economic Indicators have been warning us of a recession for a long time. For 15 straight months, in fact,…
Continue ReadingThe Best-Performing Stocks in October
October marked the third straight down month for the markets, as the major indexes posted negative returns last month. The…
Continue Reading3 States Sending Rebate Checks in November: Is Yours One of Them?
It’s been more than three years since the approval of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act),…
Continue ReadingPinterest Stock is Surging: Here’s Why
Social media company Pinterest (NYSE:PINS) surged on Tuesday, climbing as much as 19.2% during regular trading hours to hit $29.91…
Continue ReadingConstruction Spending Increased 0.4% in September
From the Census Bureau reported that overall construction spending increased: Construction spending during September 2023 was estimated at a seasonally…
Continue ReadingISM® Manufacturing index Decreased to 46.7% in October
(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 46.7% in October, down from 49.0% in…
Continue ReadingBLS: Job Openings “Little Changed” at 9.6 million in September
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 9.6 million on…
Continue ReadingADP: Private Employment Increased 113,000 in October
From ADP: ADP National Employment Report: Private Sector Employment Increased by 113,000 Jobs in October; Annual Pay was Up 5.7%…
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