In April, the United States labor market exhibited resilience, as robust job growth persisted despite ongoing moderation in wage pressures. The eagerly awaited monthly report from the Bureau of Labor Statistics was released on Friday. It revealed that employers added an estimated 240,000 jobs last month, surpassing economists’ expectations. This underscores the economy’s steady recovery […]
Following the latest meeting of the Federal Reserve, Chair Jerome Powell hinted at the possibility of interest rate reductions this year. He also acknowledged the persistent threat of inflation during a highly anticipated press conference. Powell’s remarks underscored the central bank’s cautious approach amidst ongoing economic uncertainties. While leaving the door open for potential rate […]
In a day marked by anticipation, investors received clarity on Wednesday as the Federal Reserve announced its decision to keep interest rates steady while hinting at the possibility of more flexible monetary policies in the coming year. The news was met with enthusiasm on Wall Street, propelling indices to new historic highs. Wall Street Records […]
The White House has urged House Republicans to “swiftly elect a Speaker,” marking the first official response from the administration following the vote that removed Rep. Kevin McCarthy from his leadership role. Speaker of The House White House press secretary Karine Jean-Pierre stated on Tuesday, “President Biden has consistently shown his willingness to collaborate in […]
Home Sales – Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity. US existing-home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors […]
Inflation is the problem “Going up in 50-basis-point increments to me makes quite a bit of sense and there’s no reason right now that I see in the economy to pause on doing that in the next couple of meetings” -Mary Daly, San Francisco Fed President, May 12, 2022 It has become ever clearer that […]
Sales Support