Category: Economy

Pending home sales fall for seventh straight month in July

Home prices are still rising at a fast pace. They were up more than 6 percent in June, according to the latest report from S&P Case-Shiller. The pace, however, is...

Fed’s James Bullard says he would ‘stand pat’ on rates for rest of the year

St. Louis Federal Reserve President James Bullard does not want the central bank to raise rates again this year. “If it was just me, I’d stand pat where we...

US health secretary says his agency has the power to eliminate drug rebates to lower costs

The cost of health care, and prescription drugs specifically, is expected to be a major campaign issue ahead of November elections, in which Democrats are seeking to...

Trump might get his slowdown in rate hikes, but for the wrong reason

Among the unintended consequences from President Donald Trump’s trade war is that it could cause the Federal Reserve to slow the pace of its interest rate hikes....

Turkish leaders are ‘in a hole of their own making’ 

Economic conditions kicked off the lira’s tumble, and global tensions aggravated it, but one former ambassador says Turkey could tap out at any time — if...

Why a few economists think US job growth might not last without one key ingredient

Despite a strong jobs report in July, economists Satyam Panday and Anthony Chan said that growth may not continue. Source link

As the Fed meets, the specter of pressure from Trump and the market looms

Mr. Market probably still carries more weight with the Federal Reserve, but Mr. President is likely to maintain a presence when it comes to monetary policy. President...

Kudlow says Friday’s GDP number is going to be ‘big’

Kudlow is the latest administration official to talk about an economic data point ahead of its release, something not historically common from the White House. President...

Trump poised to take control of the Federal Reserve

In the second quarter of 2018, the growth in non-seasonally adjusted money supply (M2) has been zero. That’s right, the money supply did not grow at all. This is...

The bond market raises recession fears, but don’t expect one soon

Economists at TS Lombard think the recession prognosticators actually are watching the wrong yield curve. They say that rather than looking at the spread between 2s and...