us-economy6.805 min read
US Midterms: Economic Resilience Hides Deep Voter Dissatisfaction
15 days ago•Source: The Guardian
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6.755 min•1 month ago
Fed’s New Chair Faces Early Market Test Ahead of Jackson Hole
New Fed chair Kevin Warsh faces early pressure as bond-market jitters about inflation rise ahead of the Jackson Hole meeting, with his remarks signaling a focus on bigger questions rather than clear rate hints; the briefing also touches on immigration detention, Trump-era election-integrity rhetoric, ICE glove plans, a Reno wildfire, and other brief U.S. news items.
6.165 min•2 months ago
Diesel prices top Biden-era average as market tightness lingers
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Powell Warns Fed Is Under a Political 'Stress Test' on Independence
Financial Times•4 months ago
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Debt at the Breaking Point: Rates Rise Against an $180 Trillion Burden
Seeking Alpha•4 months ago
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US housing remains stuck as inflation proves stubborn
The FT Unhedged column argues that the US housing market is still the economy’s weak spot: existing home sales dropped 8.4% in January as affordability remains the dominant hurdle, with price gains of roughly 20% during the pandemic not fully offset by wages and ongoing high mortgage costs. Policy ideas like limiting institutional investors or boosting mortgage-backed securities are viewed as unlikely to meaningfully move prices. Meanwhile, inflation remains persistent rather than decelerating, implying few near-term rate cuts and continued policy caution.
"US Weekly Jobless Claims Plummet to 212K, Signaling Labor Market Resilience"
Initial jobless claims for the past week fell by 8,000 to 212,000, surpassing the expected 219,000, while continuing claims rose to 1.895 million. The four-week moving average increased to 218,500. The advance seasonally adjusted insured unemployment rate was 1.3%, up from the previous week's 1.2%.
February JOLTS Report Shows Significant Drop in Job Openings.
Job openings in the U.S. fell to 9.931 million in February, below the consensus estimate of 10.4 million, indicating a cooling job market. The job openings rate also declined from 6.4% to 6.0%. The largest decreases in job openings were in professional and business services, health care and social assistance, and transportation, warehousing, and utilities. However, the number of layoffs and discharges decreased to 1.504 million.