In April, U.S. home prices rose at an annual rate of 2.7 percent, down from 3.4 percent in March to mark their slowest annualized gain since mid-2023, according to the S&P CoreLogic Case-Schiller National Home Price Index.
Tag: U.S. Economy
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SALES OF EXISTING HOMES ROSE IN MAY WHILE SALES OF NEW HOMES FELL
The number of contracts signed for purchases of homes rose 1.8 percent in May from April and 1.1 percent year on year, the National Association of Realtors (NAR) reported.
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INVESTORS DUMP LONG-DATED U.S. SECURITIES
Investors are fleeing long-dated U.S. treasury bonds and notes at the fastest rate since the depths of the COVID War in 2020 as the rising national debt sours views of the economy’s long-term health.
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U.S. ECONOMY SHRANK MORE IN FIRST QUARTER THAN REPORTED
The U.S. economy contracted by 0.5 percent in January through March, not the 0.2 percent originally estimated, the Commerce Department reported.
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ECONOMIC UPDATE—MARKET OVERVIEW
We said it before and we will say it again. Never in our 45 years of trend forecasting have we forecast a year of a Wild Card. Day-by-day, hour-by-hour, minute-by-minute the Wild Cards are being played.
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TRUMP’S MASSIVE TAX CUTS ENRICH THE RICH
The theory goes like this: massive tax cuts on businesses and the rich will unleash such a flood of investment, spending, and productivity that the cuts will not only pay for themselves but render budget surpluses as far into the future as the eye can see.
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SPOTLIGHT: DEATH OF THE DOLLAR
A group of African nations is establishing a cross-border payments system that does not use the dollar as a measure of value, despite threats from Donald Trump, who is bent on keeping the dollar front and center in global trade.
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SPOTLIGHT: BIGS GETTING BIGGER
After awakening from a post-COVID lull last year, the pace of M&A deals slowed again this year as investors waited to see Donald Trump’s plans for tariffs and how they would impact the economy.
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TRUMP ATTACKS POWELL AGAIN AFTER FED HOLDS RATE STEADY
On 19 June, Donald Trump again assailed U.S. Federal Reserve chair Jerome Powell, holding him personally responsible for the unanimous decision by the central bank’s Open Market Committee to leave interest rates where they are.
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CRYPTO INDUSTRY CELEBRATES U.S. SENATE PASSAGE OF STABLECOIN LAW
On 17 June, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which establishes a regulatory framework for stablecoins in the U.S.