Economy

High Mortgage Rates Scare Away Potential Homebuyers – Housing Market Review
Mortgage rates eclipsed 7% in late October 2022, their highest in over 20 years. This has discouraged countless potential buyers from purchasing a home and instead resorting to renting or staying where they ...

Published On: December 16, 2022Categories: Economy, Housing Market
Elevated Food Inflation Continues – Consumer Demand Dynamics
The most recent measure of food inflation is 8.2%, with 2022 inflation at the highest level since inflation in the 1980s, and the category seeing the harshest hikes appears to be food prices. ...

Published On: December 12, 2022Categories: Consumer Behavior, Economy
Chinese Exports Weaken, Global Economy Experiences Slowdown – Global Trade
Chinese exports are crucial for nearly all countries around the world and reflect the status of the global economy, whereas now both are experiencing a slowdown. Chinese exports expanded just 7.1% in August ...

Published On: December 9, 2022Categories: Economy
Macro Economic Overview
Markets reacted to indications that the Fed might slow its pace of rate increases heading into the new year. Such a change in monetary policy would be positively received by financial markets with ...

Published On: December 8, 2022Categories: Economy
Self-Employed Workforce Falling From Largest In 13 Years – Employment Trends
During the Great Resignation in 2021, when increasingly high amounts of employees quit their jobs, the trend was confidence in the ability to work remotely and be self-employed. This confidence led to historically ...

Published On: November 25, 2022Categories: Economy
New Global Growth Estimates Point To Slowdown – Global Economic Trends
The July 2022 World Economic Outlook revealed that the global economy’s future is “gloomy and more uncertain.” The key economies of China, Russia, Europe, and the United States all have critical issues in ...

Published On: November 23, 2022Categories: Economy
The Hidden Contribution to Inflation – Monetary Policy
The Fed has increased interest rates by 3% over 3 months, the largest increase since 1982, as a response to the highest inflation in over 40 years. The root of this inflation, in ...

Published On: November 22, 2022Categories: Debt/Mortgage/Liabilities, Economy
Macro Economic Overview November 2022
The Fed continued on its steepest rate increase since the early 1980s. Political pushback against the Federal Reserve has been building as criticism surrounding the rate hikes has become a focal issue. October ...

Published On: November 10, 2022Categories: Economy
Stocks Endure Difficult Third Quarter
Equities across the board were down in the quarter ending September 30th, as the market continues to react to global turmoil and the Fed’s aggressive interest rate spikes. Sectors that held up the ...

Published On: October 28, 2022Categories: Economy
Unemployment Claims On The Rise
Unemployment claims reached their highest level since late November 2021, and have steadily increased throughout the year. As of the week ending on August 6th, the job market saw initial unemployment claims rise ...

Published On: October 19, 2022Categories: Economy