U.S. Consumer Sentiment Worsened in May
Consumer confidence edged downward in May as the inflationary effects of the war in the Middle East intensified, a monthly […]
Economics
U.S. Home Price Growth Slowed in March
U.S. home-price growth slowed slightly in March as higher mortgage rates intensified the affordability squeeze among home buyers. Source link
War with Iran has halted a hard-won improvement in housing affordability. The problem is rising mortgage rates on the back of worries that the energy crisis will stoke inflation. Read more in today's Markets A.M. newsletter:
Plus, a geothermal power play and Iran confusion. Source link
Mexico Posts $4.52 Billion April Trade Surplus
Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports
The hiring of teens for summer jobs is expected to be down as many seasonal positions at summer camps and small businesses have evaporated
Many seasonal jobs at summer camps and small businesses have evaporated this year. Source link
Greg Mankiw’s Blog: What I’ve been reading
I am a bit late to this party, but I finally got around to reading Dan Wang’s Breakneck. It is
Stocks are partying like it’s 1999, but Americans haven’t felt this bad in 70 years
Stocks are partying like it’s 1999, but Americans haven’t been this gloomy in 70 years. Source link
Some red-hot housing markets are finally getting more attainable
A stark inventory mismatch is bedeviling housing markets across the country, but areas like Denver and Honolulu are showing improvement.
As cities race to control surging healthcare costs, many point to expenses related to the use of weight-loss drugs
Employers are stripping coverage as financial concerns mount: “I don’t have any more options.” Source link
President Trump told his new Fed chair, Kevin Warsh, to ignore the political pressure during his swearing-in ceremony—and then the president laid out what he’d like to see
President Trump encouraged the new Fed chair to operate independently. Then, he signaled what he’d like to see. Source link