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 […]
First American News LLC: Raleigh, NC: President Joe Biden said America is “back to work” and putting the Covid-19 pandemic behind it, after the labor market showed unexpected strength last month even as cases of the virus surged. “America’s job machine is going stronger than ever,” Biden said at the White House on Friday. He […]
First American News LLC, Raleigh, NC: The boldest measures that President Biden is threatening to deter an invasion of Ukraine could roil the entire Russian economy — but also those of other nations. The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and […]
First American News LLC, Raleigh, NC: Fear clouded the markets this Friday as weekslong slide continues amid nervousness over Fed and Ukraine; flight to safety punishes tech stocks and cryptocurrencies The Dow industrials fell more than 600 points on Monday as the 2022 swoon for major U.S. stock indexes accelerated. WSJ Student Subscription Here Popular […]
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