The Missing Factor In Explanations Of China’s Economic Distress: Covid (Part 1: The Cover-Up)
...Actual growth seems below the official figures; there is substantial deflation; the housing market has yet to stabilize; and the domestic stock markets have fallen significantly. Domestic confidence...

Fed Stands Despite Softening Jobs Market, Poor Earnings Guidance, Manufacturing Recession, CRE Foreclosures
...4.50% on Friday. The 10-Year Treasury serves as an index for mortgage rates, which recently hit 7.30%. That has sent the housing market into a deep funk. Hence, lower rates are something the...

Sunday’s presidential election in Panama is ‘most important’ in decades, say experts
CNN  —  Panama, the Central American nation at the crossroads of international trade and migration, will elect a new president on Sunday after a campaign season mired in legal uncertainty. “It’s a...

Instant Reaction: Jobs, May 3, 2024
...of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through the remainder of this year. In April, the economy added 175,000...

White House counts jobs report as a win, though inflation path – and interest rate cuts – far from certain ahead of November
...important as the election approaches. “If gas prices go above $4 and mortgage rates go above 8%,” Zandi told CNN, Biden “has a problem.” Biden has begun to talk openly about what he thinks...

Wall Street surges after economy adds just 175,000 jobs in April
The Federal Reserve building in Washington, DC, is pictured on January 26, 2022. Joshua Roberts/Reuters/File For the first time in a while, the latest US employment figures came in below economists'...

Markets jump higher after softer-than-expected jobs report fuels hopes of an earlier rate cut
New York CNN  —  US stocks soared higher Friday morning after new data showed that US job growth slowed considerably last month. The blue-chip Dow was higher by 339 points, or 0.9%; the S&P 500...

Looking To Maximize Cloud ROI? Don’t Forget Your People’s Experience
am EDT Driven by ingenuity and ambition, midsize companies are charting new paths to ongoing business growth. Recent research from Oxford Economics, sponsored by SAP, reveals that these...

The Fed’s latest meeting wasn’t just about interest rates. Here’s why you shouldn’t overlook its balance sheet announcement
...financial firms. Consumers have those moves to thank for the historically cheap mortgage rates of the pandemic era. The 30-year fixed rate fell to a record low of 2.93 percent in 2021, Bankrate...

Fed Keeps Interest Rates Frozen: What Another Pause Means for Your Credit Cards
If you think the Federal Reserve is starting to sound like a broken record, you’re not alone. For the sixth time, the Fed voted Wednesday to maintain current interest rates. The federal benchmark...