Key Insights on Friday’s Inflation Report and Fed's Next Steps
Category: Economy Total Views: 107By : Editor Updated: 06-25-2024
Overview of the Inflation Report for Friday
Understanding the state of the economy now depends critically on the inflation report that is due on Friday. The report will center on the Federal Reserve's preferred inflation indicator, the Personal Consumption Expenses (PCE) index. The inflation rates have been declining recently, and this report should offer more proof of the slowing down of price rises. Wall Street Journal and Dow Jones Newswires economists polled for May expect... Read More
Rising Inventory and Incentives Challenge Auto Industry
Category: Economy Total Views: 116By : Editor Updated: 06-25-2024
U.S. Auto Sales are Predicted to Slow Down in the Second Half of 2024
Second-half 2024 is expected to see a slowdown in American auto sales. This comes after an impressive first half, when sales climbed 2.9% over the same period the previous year. A number of issues confronting the sector could impede its ongoing expansion. Potential problems are indicated by growing sales incentives and rising car inventory levels. Uncertainties in the economy, changes in interest rates, and the ... Read More
Fed's Bowman Open to Rate Hikes if Inflation Persists
Category: Economy Total Views: 191By : Editor Updated: 06-25-2024
Fed Governor Michelle Bowman Open to Rate Hikes if Inflation Persists
If inflation doesn't go down, Federal Reserve Governor Michelle Bowman said she's still willing to raise interest rates. Bowman stressed in a speech in London that the data at this time does not yet support reducing rates. She underlined that rate reductions should wait until inflation approaches the Fed's 2% goal. Bowman is acting cautiously considering the ongoing inflationary pressures. She seems ... Read More
Yellen Announces Major $100M Affordable Housing Fund
Category: Economy Total Views: 205By : Editor Updated: 06-24-2024
Treasury Secretary Yellen Unveils $100 Million Affordable Housing Fund
Janet Yellen, the secretary of the Treasury, disclosed a $100 million fund set aside for affordable housing. With this project, the growing expenses of housing that many Americans are facing will be addressed. Yellen underlined the need of having reasonably priced housing for preserving economic growth. The money will be distributed during the next three years. It is a component of a national housing developmen... Read More
Treasury Yields Remain Steady as Inflation Data Looms
Category: Economy Total Views: 81By : Editor Updated: 06-24-2024
Treasury Yields Steady Ahead of Key Inflation Data
Treasury rates are not changing much while the market waits for important inflation figures. Investor caution is high in the last week of June. They are delaying significant actions until the report on Friday. Slightly higher is the yield on the 10-year Treasury. Similar little gains are seen in the two-year yield. The stability suggests a waiting game. The participants in the market are seeking for clarity on inflation patterns. ... Read More