In October, only 16 percent of consumers said they think now is a good time to buy a home, a monthly survey by the Federal Home Loan Mortgage Corp. (Fannie Mae) found.
Tag: nov 8 2022
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STRONG JOBS REPORT FUELS FEARS OF ANOTHER SHARP FED RATE HIKE
In October, U.S. businesses took on another 261,000 workers, beating analysts’ estimate of 200,000 but also booking the lowest monthly pace of hiring since December 2020.
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CENTRAL BANKS ARE GRABBING GOLD
The world’s central banks stockpiled an additional 399 tons of gold in this year’s third quarter, about twice the previous quarterly record, the World Gold Council reported.
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FED HIKES RATE 75 BASIS POINTS: AS FORECAST, SMALLER RISES MAY COME SOON
As we noted, we got it half wrong. Since “It’s the economy, stupid,” we had forecast that President Joe Biden would pressure the Federal Reserve not to raise interest rates 75 basis points last week to help boost the equity markets and voter sentiment prior the mid-term elections.
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WILL AMERICA’S FUTURE BE UTOPIAN OR DYSTOPIAN?
As Americans make their choices in the contentious midterm elections, the populace is confused and angry.
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HYPOCRITES ON PARADE WESTERN WEAPONS CONTINUE TO FLOW INTO KYIV, BUT CONDEMN IRAN FOR SENDING WEAPONS TO RUSSIA
Shortly after the U.S. and its Western allies vowed to keep sending weapons of death to Ukraine to keep bloodying the killing fields, their top diplomats demanded that Iran stop providing the Kremlin with drones and other weapons.
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WORKERS AT MAJOR BRITISH PACKAGING COMPANY VOTE TO STRIKE, COULD HAVE ‘SERIOUS IMPLICATIONS’ FOR COMPANIES LIKE AMAZON BEFORE HOLIDAY SEASON
Workers for DS Smith, the major British packaging group, voted to strike as soon as the end of November over their pay while inflation in the country soars.
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TENTATIVE TRUCE REACHED IN ETHIOPIA AFTER 2-YEAR CONFLICT KILLS HUNDREDS OF THOUSANDS, DISPLACES MILLIONS
Ethiopia’s government and the Tigray People’s Liberation Front agreed to a truce Wednesday after a two-year war that resulted in the deaths of hundreds of thousands and one of the worst humanitarian crises in the world.
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FOLLOW OUR INTERACTIVE U’ FORECAST: MBA PROGRAMS GO ONLINE
Some of the U.S.’s most prestigious business schools have fully embraced online learning and now offer degrees for students willing to pay $250,000 in tuition while most of their classes are completed online.
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RUSSIA SAYS NO NUCLEAR WAR, DESPITE SABER-RATTLING BY WASHINGTON
The Russian Foreign Ministry said Wednesday that it wants to avoid a confrontation with nuclear powers as the war in Ukraine continues to drag on and Washington continues to provoke fear by talking about a potential nuclear confrontation.