Trade uncertainty to cut 1% from US GDP: Fed research

Trade uncertainty to cut 1% from US GDP: Fed research

The uncertainty created by President Donald Trump’s global trade offensive should shave about one percent off the US economy through early next year, according to research from the Federal Reserve. Economists have warned since last year that Trump’s trade battles with China and Europe threaten global economic growth, which has begun to slow. Businesses complain […]

Low-Interest Rates Could Save U.S. Housing Stock Value

Low-Interest Rates Could Save U.S. Housing Stock Value

Lower US interest rates could help support outperforming US home-builder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index is up about 30% for the year so far, […]

U.S. Housing Value Growth Slows

U.S. Housing Value Growth Slows

Home value appreciation has slowed each month this year, and is at its lowest level since 2015 – The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. home is worth $229,000, up 5.2% from this time last year. – Rents grew 1.9% on an annual […]

Employment Growth Slows

Employment Growth Slows

Total nonfarm payroll employment increased by just 73,000 in May, and the March and April gains were revised down. Today’s report is consistent with the growing sentiment among markets and economists that the US economy is slowing down. Some of this slowdown is coming from the manufacturing sector, where employment growth has almost come to […]

Fed Chairman Powell says it Again, “The US Economy is in a ‘Good Place'”

Fed Chairman Powell says it Again, “The US Economy is in a ‘Good Place

The Federal Reserve Chairman Jerome Powell said again Wednesday the US economy remains in a “good place” and has proved resilient so far to shocks like the British decision to leave the European Union. “The US economy is now in a good place,” with low unemployment and inflation near the Fed’s 2% target, Chairman Powell […]

Are Credit Cards the New Subprime Disaster?

Are Credit Cards the New Subprime Disaster?

The first six months of 2016 has shown that the total credit card limits among the subprime and deep subprime credit range totaled $6.4 billion, the highest amount reported for those groups in the last five years. The Q2 2016 data is from the latest Experian Market Intelligence Brief report available for download today. While year-over-year comparisons show […]

US Economy Chemical Activity Barometer

US Economy Chemical Activity Barometer

US Economy Chemical Activity Barometer The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), expanded 0.4 percent in August following an upward revision for July. This marks the barometer’s sixth consecutive monthly gain. Accounting for adjustments, the CAB is up 3.2 percent over this time last year, the […]