Category Archives: COVID-19

Q4 Growth Continues

Posted on February 24, 2023 by Popular Economics Weekly

BEAgdp Last year is ending in better shape than it began. Instead of shrinking in the first two quarters of 2022, US GDP growth has turned positive in Q3 and Q4, as portrayed in the above graph of real, or … Continue reading →

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Will It Be a Soft Landing?

Posted on February 20, 2023 by Popular Economics Weekly

The Mortgage Corner There is a growing optimism Jerome Powell’s Fed can engineer a so-called soft landing with its restrictive monetary policies, which means avoid an outright recession. Why? First quarter 2023 GDP growth is predicted to be positive following … Continue reading →

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Retail Sales Show Rising Abundance

Posted on February 15, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDretailsales Now we have retail sales also surging in January, on the heels of a terrific unemployment report and Atlanta Fed’s GDPNow estimate of higher first quarter economic growth. Retail sales that make up half of consumer … Continue reading →

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New Year GDP Looking Better

Posted on February 14, 2023 by Popular Economics Weekly

Financial FAQs AtlantaFedGDPNow Because of January’s gangbusters unemployment report of 517,000 new payroll jobs and the unemployment rate decline to an all-time low of 3.4 percent, consensus is growing that the US may avoid a recession. One indicator of a … Continue reading →

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What Interest Rates Are Declining?

Posted on February 9, 2023 by Popular Economics Weekly

The Mortgage Corner FRED30yr The average 30-year fixed rate conforming mortgage has declined almost one percent since November 2022 to the current 6.12 percent as of February 2023, per the St. Louis Fed. The housing sector has been a leading … Continue reading →

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To A Better State of the Union

Posted on February 6, 2023 by Popular Economics Weekly

Financial FAQs Reuters Reuters just reported that U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. … Continue reading →

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No More Inflation Worries, Period

Posted on February 3, 2023 by Popular Economics Weekly

Popular Economics Weekly MarketWatch I said last week, the U.S. economy has done it again with stronger than predicted fourth quarter GDP growth. This week a record employment gain should shock most economists and professional prognosticators to their roots. Total … Continue reading →

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More Jobs Available Than Ever

Posted on February 1, 2023 by Popular Economics Weekly

The Mortgage Corner BLS.gov A preview of December’s official unemployment report was given today. Employers continued to fight the Fed by offering more jobs in the December Bureau of Labor Statistics JOLTS report, its Job Openings and Labor Turnover Survey. … Continue reading →

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Beware of Consumers Losing Confidence

Posted on January 31, 2023 by Popular Economics Weekly

Financial FAQs Conference-Board.org The Federal Reserve is about to raise the overnight interest rate another quarter-percent to 4.5 percent that it charges banks, hence banks will pass on the increased rate to their borrowers. So, it shouldn’t be a surprise … Continue reading →

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No More Recession Worries?

Posted on January 26, 2023 by Popular Economics Weekly

Popular Economics Weekly BEA.gov The U.S. economy has done it again. The ‘advance’ estimate (1 of 3) of fourth quarter Gross Domestic Product growth of all things bought and sold domestically grew 2.9 percent, down slightly from 3.2 percent in … Continue reading →

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