Top-of-mind economic news as we start the week: — The U.S. Congress has until November 17 to pass a federal budget or face a government shutdown, after a temporary fundi
Top-of-mind economic news as we start the week: — U.S. housing starts for August sank 11% from July, to the lowest monthly level since June 2020; biggest drop was in new
Top-of-mind economic headlines as we start the week: — A walkout by some 12,000 hourly workers at the Big Three U.S. automakers could have significant economic impact if
Top-of-mind economic news as we start the week: — The net worth of U.S. households rose to a record $154 trillion in the 2nd quarter, on stock and real estate rebound; c
Top-of-mind economic news as we start the week: — The U.S. unemployment rate rose to 3.8% in August and fewer new jobs were created (177,000), per payroll processor ADP.
Top-of-mind economic headlines as we start the week: — Fed Chair Powell called inflation “too high” and warned that “we are prepared to raise rates fur
Top-of-mind economic news as we start the week: — U.S. 30-year mortgage rates climbed above 7%, a 21-year high; homebuilder sentiment dropped sharply. — U.S. retai
Top-of-mind economic news as we start the week: — The Fed’s measure of delinquent credit card debt (30 or more days late) rose to 7.2% in the 2nd quarter, the highest
Top-of-mind economic news as we start the week: — The U.S. credit rating was downgraded by Fitch Ratings to AA+ citing political instability; of the three major rating f