As we had forecast since the U.S. Fed started raising interest rates back in March 2022, the higher interest rates rise, the stronger the dollar will get.
Tag: U.S. economy
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HOME SALES SLOWEST SINCE 2010: WHAT’S NEXT?
In October, the pace of U.S. existing home sales dropped 4.1 percent from September to 3.79 million, the least in any month since August 2010, the National Association of Realtors (NAR) announced. Sales for the month were 14.6 percent fewer than those in October 2022.
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PRIVATE EQUITY FUNDS SNAPPING UP U.S. FARMLAND
From 2008 through this year’s second quarter, private equity funds such as Manulife Investment Management and Nuveen have bought more than a million acres of U.S. cropland, according to a Reuters investigation.
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U.S. RETAIL SALES FALL FOR FIRST TIME SINCE MARCH
U.S. consumers spent fewer dollars with retailers, gas stations, and vehicle dealerships in October than in any month since March, the Commerce Department reported.
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80 PERCENT OF U.S. HOUSEHOLDS WORSE OFF NOW THAN IN 2019
Four in five U.S. households see themselves as in a worse financial state now than before the COVID era, according to a U.S. Federal Reserve survey.
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FOREIGN INVESTORS LOSE APPETITE FOR U.S. TREASURY SECURITIES
Investors abroad, especially those in China and Japan, have been eager buyers of U.S. treasuries as the U.S. Federal Reserve scaled up interest rates over the past 18 months.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we had forecast back in November 2022, the U.S. equity markets would climb in 2023, with the S&P 500 expected to increase at least 16 percent.
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SPOTLIGHT: OFFICE BUILDING BUST: WORSE TO COME FOR OFFICE SECTOR
While the Office Building Bust is very old news for Trends Journal subscribers—we had forecast this three years ago—it is now just making it into the mainstream news.
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EV SALES SLUMP IN U.S., EUROPE
Even though electric vehicle (EV) sales in the United States topped 300,000 for the first time in this year’s third quarter, sales of electric vehicles (EVs) have stalled in Europe and the U.S., prompting manufacturers to slow or halt production and dealers to slash prices to move the cars off their lots.
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TROUBLED COMMERCIAL PROPERTY LOANS REACH 10-YEAR HIGH
The value of commercial property loans that have missed at least one payment grew by $4 billion, about 30 percent, in this year’s third quarter, data service BankRegData said. The total value of delinquent loans so far this year is about $10 billion.