For tech workers, the 21st century’s boom has gone bust.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Sep 24 2024
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HOUSING MARKET: SALES DOWN, PRICE UP IN AUGUST
U.S. home sales in August fell 2.5 percent below July’s and 4.2 percent year on year, the National Association of Realtors (NAR) reported. Analysts had expected slightly better figures.
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WILL FED’S RATE CUT HELP THE HARRIS CAMPAIGN?
The numbers show that the U.S. economy, while Joe Biden and Kamala Harris have been in the White House, is not gloom or doom.
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U.S. COMPANIES JUMP BACK INTO BOND MARKET
Days after the U.S. Federal Reserve cut its interest rates, corporations are jumping into the bond market with new issues that could total more than $25 billion in value yet this month, according to data from investment banks compiled by Bloomberg.
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FED CUTS RATES BY A HALF POINT
In its first interest rate reduction in four years, the U.S. Federal Reserve cut its policy rates by a half point last week, opting for a larger cut than the quarter-point drop that had been expected for most of this year.
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ECONOMIC UPDATE—MARKET OVERVIEW
On 20 September, gold surpassed $2,600 for the first time after the U.S. Federal Reserve reduced its interest rates by 50 basis points two days earlier.