At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Feb 4 2025
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HOME PRICES CONTINUED RISING IN NOVEMBER
n November, the average selling price of a U.S. home was 3.6 percent higher than in October, according to the S&P CoreLogic Case-Shiller National Home Price Index, due in significant part to a flurry of sales in New York City.
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CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
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U.S. ECONOMY GREW 2.8 PERCENT IN 2024
U.S. GDP expanded by 2.8 percent last year, the Commerce Department reported. The growth was smaller than 2023’s 3.2 percent but compared to much of the world, the U.S. economic growth is doing better than most.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we detail in this and previous Trends Journals, with the exception of the United States, most developed and underdeveloped nation’s economies are sluggish and/or in Dragflation: declining economic growth and rising inflation.
