Beijing is seeking new deals elsewhere to weather the storm, but some countries are opting out for fear of angering the White House. Report By Alexandra Sharp, the World Brief writer at Foreign Policy. U.S. […]
Inland Empire PMI spikes to highest since early 2021, New Orders spike to record: Private sector is dynamic, but not always in linear ways. By Wolf Richter for WOLF STREET. Corporate frontrunning of tariffs is now a big […]
Economists have been left flabbergasted by the opening months of Donald Trump’s return to power in the US, the international rulebook torn up, policies raining in and often being rescinded by the hour. Making a […]
In the West, Midwest, and Northeast, pending sales hobbled along near record-lows. Housing demand got shot in January. Prices are just way too high. By Wolf Richter for WOLF STREET. Here we go again, with another record low […]
The Fed, after complaining about missing immigrants in labor market data, now has further support for its pivot to wait-and-see. By Wolf Richter for WOLF STREET. We’ve been discussing this issue – and its impact on employment data […]
The middle class will face the largest tax hike in history unless cuts made during Trump’s first term are extended, Scott Bessent has said The US is headed towards an economic crisis by year’s […]
The EU’s largest economy is expected to shrink for a third consecutive year in 2025, marking the longest downturn since WWII The German economy is on course for its longest post-war recession, with a third […]
Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.
A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from […]
She nails it with her list of inflation-fueling factors. It parallels what Powell said more softly at the press conference. The first three months of the year have produced a nasty re-acceleration of inflation in […]
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