Fed’s preferred inflation gauge hit lowest level in 3 years in December
The Fed's preferred measure of inflation rose just 0.2% from November to December, its lowest level in nearly three years. The latest data on the Personal Consumption Expenditure Price Index (also known as “core inflation,” which subtracts food and energy costs) is likely to whet the appetite of Wall Street investors hoping for a Fed […]
Existing home sales in 2023 sank to lowest levels since 1995
As mortgage rates rose to the highest levels in more than 20 years and prices hit record highs, putting homeownership out of reach for many Americans, previously resident U.S. home sales fell to the lowest level in nearly 30 years in 2023. The National Association of Realtors announced Friday that the total number of existing […]
Existing home sales tumbled to lowest level since 1995 last year
FOX Business real estate contributor Katrina Campins discusses whether the housing market is on the brink of a boom after the Fed hints at lower interest rates on “Making Money.” Existing US home sales After rising the previous month, it fell in December, ending the worst year for the housing market in nearly 30 years. […]
Mortgage rates drop to lowest level since last spring: Freddie Mac
Interest rates on 30-year mortgages have fallen to 6.6%, according to Freddie Mac. (iStock) Mortgage rates continued their downward trend this week, dropping to levels not seen since last spring, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage was 6.6% for the week ending Jan. 18, according to Freddie Mac's […]
JPMorgan is still doubting the bull with lowest S&P 500 target – CNBC
JPMorgan sees no reason to join this group due to expectations for the stock market this year. Despite the S&P 500 index nearing new highs, JPMorgan's Dubravko Lakos Bujas remains relatively pessimistic about what 2024 will hold. He has set a year-end target for Wall Street's composite index at a low of 4,200, which is […]
France Sees Lowest Number of Births Since WWII
Birth numbers in France have fallen to their lowest levels since World War II, a grim sign of demographic collapse in the West. numbers A report released this week by the National Institute for Statistics and Economic Studies (Insee) found that 678,000 babies were born in France last year, 48,000 fewer than in 2022 and […]
Jobless Claims Fall To Lowest Level in 16 Months
New jobless claims fell to a 16-month low in mid-January, showing that demand for U.S. workers remains extremely high despite efforts by the Federal Reserve to cool the labor market. This is the latest sign of this. The number of unemployment insurance claims fell by 16,000 to 187,000 from the previous week's revised figure of […]
Jobless claims tumble to lowest level since 2022
Mornings with Maria panelists react to December's better-than-expected jobs report and detail the expected impact on the labor market and the U.S. economy. Number of Americans applying unemployment allowance The labor market unexpectedly fell to a 16-month low last week, evidence that the labor market remains resilient in the face of high interest rates and […]
Sub-zero Iowa temperatures yield lowest caucus voter turnout in decades
Arctic conditions led to the lowest turnout in Iowa's Republican caucus in decades Monday night, with just over 110,000 voters voting for the candidate of their choice, according to the state Republican Party. Temperatures across the Hawkeye State ranged from a high of 1 degree Fahrenheit to a low of -8 degrees Fahrenheit, with strong […]
Iowa caucuses turnout lowest in years amid frigid temperatures
Turnout in this year's frigid Iowa caucuses was the lowest in years, with nearly 80,000 fewer people voting than in the state's last Republican caucus in 2016. The Iowa Republican Party announced this morning that a total of 110,298 votes have been counted in the state's 99 counties. That's down from 186,932 in 2016 and […]