The American Engine Revs
Inflation is cooling, stocks are at record highs, and the economy is gaining strength.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
U.S. Threats Against Iran Push Treasury Yields Higher
The 10-year Treasury yield rose 2 basis points to 4.661%, while the 2-year yield gained more than 1 basis point to 4.152%
Children's Shoe Prices Surge As Families Prepare For New School Year
As prices increase, more families are turning to secondhand retailers and thrift stores to find affordable alternatives.
US Mortgage Rates Dip To 6.67% After Five Weeks Of Increases
Investors have also lowered their expectations for a September rate hike following the latest consumer price data.
US 30-Year Bond Yield Set To Reach Highest Level Since 2001
However, investors remain reluctant to increase exposure to long-duration securities despite yields reaching multi-year highs.
Iran Pushes Deeper BRICS Ties Amid Sanctions And Economic Turmoil
Central Bank of Iran Governor Abdolnasser Hemmati said Thursday that Tehran expects to join the BRICS New Development Bank
US Consumer Prices Increase As Expected In July
The Consumer Price Index edged up 0.1% last month after dropping 0.4% in June, which was the first decline in six years, the Labor Department’s Bureau of Labor Statistics said on Wednesday
Inflationary Expectations And Increases In Prices – Any Relationship?
It is held that if inflationary expectations could be made less responsive to various shocks, then, over time, this would mitigate the effects of these shocks on the prices of goods and services.
US Wholesale Inflation Slows Sharply In July
Producer prices rose 4.7% year-over-year, down sharply from 5.5% in June
What El-Sayed’s Victory And The DSA’s Rise Could Do To The Economy
Across the country, socialists and other radical left-wing candidates continue to find electoral success.
US Consumer Prices Rise 0.1% In July, Matching Forecast
The Consumer Price Index increased 0.1% on a seasonally adjusted basis, while core CPI, which excludes food and energy, climbed 0.2%
Who Was Zhu Rongji, China’s ‘Economic Czar’ Who Died At 97
Zhu served as premier from 1998 to 2003 after years as a senior economic official.
US Existing Home Sales Fall As Prices And Mortgage Rates Rise
Housing supply also remains relatively tight. The report said about 1.54 million homes were available for sale in July, representing a 4.6-month supply.
Which Risks Are Emerging As The US Oil Reserve Hits A 1983 Low
Oil prices also climbed, with West Texas Intermediate reaching about $82.13 a barrel and Brent crude rising to roughly $87.72.