Top-of-mind economic news as we start the week: — Congress approved a debt-ceiling compromise that the President signed into law, averting U.S. default. — U.S. pay
Top-of-mind economic news as we start the week: — U.S. default can be avoided if Congress approves the Memorial Day weekend deal suspending the federal debt ceiling and
Top-of-mind economic news as we start the week: — Retail sales rose 0.4% in April (not adjusted for inflation), less than expected as consumers struggle with higher pric
— Despite a record amount of US consumer debt, the serious delinquency rate (overdue 90 or more days) was at just 1% during 1st quarter 2023. — The US office vacan
Top-of-mind economic news as we start the week: — The U.S. economy added 253,000 jobs in April, beating expectations even as the pace of economic growth slows. — T
Top-of-mind economic news as we start the week: — First Republic was acquired by JP Morgan Chase in a deal brokered by the FDIC, which will assume some of the losses on
— The US Treasury Dept. proposed a new process for spotting risky banks and including non-bank financial companies for supervision, after March bank failures. — US
Top-of-mind economic news as we start the week: — S&P 500 earnings for 1st quarter 2023 are expected to be down 6.7%, on average, based on latest analyst estimates
Top-of-mind economic news as we start the week: — The US economy added 236,000 jobs in March, the lowest level since Dec. 2020, a sign of still-strong but slowing job cr