US economy created 818,000 fewer jobs than previously reported
Raymond James Investment Management’s Matt Orton explains why he’s optimistic about the U.S. economy on Mornings with Maria. New data released Wednesday showed that U.S. job growth for most of the past year was significantly weaker than previously reported. The Bureau of Labor Statistics revised down its total labor force participation rate. Total number of […]
US economy missing 818,000 jobs. America, we’re dealing with a wacky view of our economic health
John Lynch, CIO of Comerica Wealth Management, discusses his outlook for the 2024 employment revision, his expectations for Fed Chairman Powell’s Jackson Hole speech, where to allocate capital, and target returns. Government statistics tend to paint a rosier picture of the economy than Americans actually believe it to be. For example, more than half of […]
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. U.S. single-family home construction fell to its lowest level in a year and a half in July, partly due to the disruption to housing activity caused by Hurricane Beryl, but an […]
Grocery stores are moving to digital price tags: are they harming consumers?
Anthony Chan, a former chief economist at JPMorgan Chase, was responding to Kamala Harris saying she would make lowering prices a priority on her first day in office, even though she’s already in office. Two Democratic senators are investigating Grocery store chains Kroger has expressed concerns about the use of digital price tags, known as […]
Harris says price gouging is to blame for high prices. Is she right?
Former Treasury Assistant Secretary for Economic Policy Michael Vogtunder says nothing has changed that would ease inflationary pressures on Kudlow. vice president Kamala Harris He is set to unveil the first federal price-fixing plan for businesses as part of a comprehensive effort aimed at reducing food prices and other everyday expenses. “There is a big […]
Refinances surge on easing mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. While mortgage rates remain uncomfortably high for many prospective homebuyers and sellers, recent declines in interest rates have led to a significant increase in demand for refinancing. The Mortgage Bankers Association […]
Mortgage rates rise still at one-year lows
NAHB CEO Jim Tobin talks about the changes in the real estate industry as new rules for real estate agents come into effect and how the market will impact the industry. Mortgage rates rose slightly this week but remain at their lowest levels in more than a year. Freddie Mac’s latest primary mortgage market survey […]
How it started… How it’s going: Cost of shelter, auto insurance still up compared to when Biden took office
Former Reagan administration economist Art Laffer spoke on “The Big Money Show” in response to a recent report that consumer prices rose 2.9% in July from a year earlier. President Biden praised a report Wednesday from the U.S. Bureau of Labor Statistics showing inflation continued to fall in July, but acknowledged that “prices are still […]
Americans face another financial burden: Rising electricity costs
Seema Shah, chief global strategist at Principal Asset Management, analyzes the labor market and discusses the risks of a recession on “Making Money.” High inflation may finally be starting to subside, but rising electricity prices are Financial pressures It affects millions of households across the United States. The Labor Department said on Wednesday that electricity […]
Americans’ household debt surged in recent years amid challenging consumer environment
Former Council of Economic Advisers chairman Kevin Hassett responded to former President Trump’s explanation of his economic policies to Kudlow, R-N.C. Liabilities American Households Amid a tough economic environment for consumers, delinquency rates have skyrocketed over the past few years, reaching their highest levels in more than a decade. According to a quarterly report released […]