Last month, the median monthly rent for a U.S. apartment was $1,353, down 1.4 percent year on year, Apartment List reported, and lower by 6.2 percent since they peaked in summer 2022.
Tag: U.S. Economy
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U.S TRADE DEFICIT ALMOST DOUBLES IN NOVEMBER
The U.S.’s red ink in trade grew to $56.8 billion in November, up 94.6 percent from October when the gap shrank to its smallest since 2009, the U.S. census bureau reported.
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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FED FREEZES INTEREST RATES
As widely expected, the U.S. Federal Reserve’s rate-setting Open Market Committee made no changes to its policy interest rates at its 28 January meeting, leaving the rate on deposits at 3.5 percent and the lending rate at 3.75 percent.
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U.S. PRODUCER PRICES JUMP AS COMPANIES PASS TARIFF COSTS TO CUSTOMERS
In December, the price producers put on their products rose 0.5 percent, more than double November’s 0.2-percent increase and the largest monthly jump since July.
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ECONOMIC UPDATE – MARKET OVERVIEW
As the old saying goes, what goes up must come down. And as Gerald Celente has warned on recent podcasts, the meteoric rise of gold, and especially silver, had parabolic growth that was unsustainable, and sooner, rather than later, the precious metals would come back to a stable balance.
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WEALTH INEQUALITY IS NOW EMBEDDED IN U.S. ECONOMY
The financial distance between the richest and poorest Americans is continuing to widen and economists see nothing that will stop the trend, according to a new analysis by CNBC.
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USA: ’THE WORST JOB MARKET I’VE EVER SEEN’
Job opportunities for economists, especially young ones looking for a foothold in the profession, are the worst in years, The Wall Street Journal reported.
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U.S. GOVERNMENT BUYS 16 MILLION SHARES OF RARE MINERALS COMPANY
The Trump administration has issued a letter of intent to provide a $1.3-billion loan and $277 million in financing to USA Rare Earth, an Oklahoma company that mines rare earth minerals and uses them to produce high-tech magnets for the aerospace, defense, electric vehicle, and electronics industries.
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IN SURPRISE REVERSAL, HOME SELLERS OUTNUMBER BUYERS
After more than three years in which desperate home buyers bid up the prices of the near-historically low number of homes for sale, in December, there were about 45 percent more households trying to sell their houses than people who bought homes, despite mortgage interest rates falling to their lowest in about three years.