Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.
Category: United States Economy
-
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
-
Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
-
3 Facts That Help Explain a Confusing Economic Moment
The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been surpassed.
-
Stocks Suffer Sharpest Weekly Decline of 2024
Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the weekend gave them another reason to retreat.
-
Trump or Biden? The Stock Market Doesn’t Care.
Prediction markets say former President Donald J. Trump has a good chance of winning. So far, the stock market is fine with that.
-
Dimon Warns of ‘Unsettling’ Pressures as JPMorgan Reports Earnings
Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.
-
Inflation Comes for the Housing Market
Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.
-
Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.
-
Biden’s Plan B on Inflation: Turn It Against Trump
Price pressures aren’t easing fast enough to guarantee the interest-rate cuts the president hoped to see by November, so his message is evolving.
-
Gold Bar Sales Are Surging at Costco. Why?
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.
-
The Odds for a Summertime Fed Rate Cut Are Dwindling
Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.