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New $600 Stimulus Checks from Uncle Sam Fuel January Spending Boom at RetailersJan 13, 2021 - 09:14:11 PST
Armed with new stimulus checks, consumers appear to be in the mood to shop again.
Based on recent information from the United Nations, since May, global food prices have risen 18%, which is a six-year high and expected to keep climbing. Already stretched food budgets will feel increased pressures. In 2019, US households’ poorest spent 36% of their income on food, compared to 9% by the wealthiest...
America’s population is growing at the slowest rate since World War II, threatening to undermine demand and investment in the economy, according to a new blog post from the St. Louis Federal Reserve.
Is that a red flashing light on the control panel of the man behind the curtain? Probably nothing, pay no attention....
The results of the price action by the US$ at support and Crude as resistance in my humble opinion is a VERY BIG deal friends!
Based on Fed members inflation is what is best for all of us. We explore whether this is true and why the Fed says such things.
COVID-19 Will Cause Twice As Much Homelessness As Great Recession, Researchers SayJan 13, 2021 - 07:26:43 PST
Unemployed renters were spending virtually all of their unemployment insurance on housing costs before the latest stimulus.
Middle-Class Homeowners Will Get ‘Priced Out Permanently’: Real Estate Investor Grant CardoneJan 13, 2021 - 07:19:59 PST
Real estate investor and TV personality Grant Cardone predicts that once wealthy buyers finish sifting through the market, middle class Americans will not be able to sustain the housing boom.
Schumer Pledges Quick Delivery of $2,000 Stimulus Checks: ‘We Will Get That Done’Jan 13, 2021 - 06:57:29 PST
"The job of COVID emergency relief is far from complete," Senate Minority Leader Chuck Schumer wrote in a letter to colleagues on Tuesday. "Democrats wanted to do much more in the last bill and promised to do more, if given the opportunity, to increase direct payments to a total of $2,000 -- we will get that done."
This applies to millions of people getting Pandemic Unemployment Assistance or Pandemic Emergency Unemployment Compensation.
Savings Interest Rates Hit Rock Bottom Just As Americans Stash Away More CashJan 13, 2021 - 06:44:16 PST
In the midst of the coronavirus crisis, many Americans are spending less and saving more.
At the same time, banks are paying next to nothing on those deposits.
US Consumer Prices Rise For Seventh Straight Month, Shelter Inflation At Decade LowsJan 13, 2021 - 05:37:29 PST
Today's inflation print is key. After significant signs of cost pressures (PMIs all signaling record or near record rising prices) and commodity prices breaking out from multi-year downtrends, analysts did expect a bump in CPI but nothing overly concerning.
World Bank Chief Economist Reinhart Frets World Faces Financial Crisis if Pandemic LingersJan 13, 2021 - 05:33:30 PST
World Bank Chief Economist Carmen Reinhart is worried that the protracted nature of the Covid-19 pandemic may overwhelm household and business balance sheets and develop into a financial crisis.“It’s a cumulative toll,” Reinhart said in an interview with Bloomberg Television. “This did not start as a financial problem.
China's President Xi Jinping issued an unusually upbeat assessment about China's future, noting that "time and the situation" were on the country's side in a new year marked by domestic turmoil in the United States.
A record $283.3 billion in existing debt is due to mature over 2021.
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel.
The Bank of Japan should avoid deepening negative rates, which would further pressure profits, the head of a lobby group of regional banks said, after the central bank vowed to examine measures to make its monetary easing framework more effective.
he Fed will likely continue to purchases Treasurys and mortgage-backed securities until the economy is back on stronger footing, said Boston Fed President Eric Rosengren on Tuesday.
he Fed will likely continue to purchases Treasurys and mortgage-backed securities until the economy is back on stronger footing, said Boston Fed President Eric Rosengren on Tuesday.
Federal Reserve officials are beginning to split over when they may need to start pulling back on their massive monetary stimulus, drawing nervous glances from investors who remember how markets were roiled during the 2013 taper tantrum.In the past week...