Job insecurity weighs on homebuyer sentiment
Almost 30% of Fannie Mae survey respondents are worried about losing their job
BLS jobs report beats expectations, dampening chances of a July rate cut
Hiring trends continue to defy projections
Lackluster ADP jobs report raises odds of Fed rate cut
The private sector lost 33,000 jobs last month, the first ADP payroll decrease since May 2023
Reducing borrower friction: A top priority in uncertain times
The combination of low affordability and limited inventory is a major obstacle facing the housing industry. There are signs of improvement, with housing inventory levels reaching a four-month supply at the end of March, representing a 19.8% increase from the same month a year ago, according to the National Association of Realtors. A balanced market, […]
PCE inflation ticks up in May as consumers cut back on spending
The latest inflation report further clouds the outlook for a Fed rate cut
Fed chair, on congressional hot seat, urges patience on rate cuts
Jerome Powell didn’t rule out a potential interest rate cut in July
What to expect at the Federal Reserve meeting this week
Here’s how economists, investors and former Fed officials think the central bank will proceed
Consumers are worrying a little less about the economy
But concerns that looming tariffs will heat up inflation remain strong
CPI inflation tamer than expected in May, bolstering calls for a Fed rate cut
May’s 2.4% inflation reading still shows few signs of tariff impacts
Consumer inflation concerns eased in May
Labor market sentiment also improved after cratering in April: New York Fed