Category Archives: Weekly Financial News

Our Housing Problem

Posted on September 25, 2024 by Popular Economics Weekly

The Mortgage Corner We know we have a housing shortage, but not how to fix it. Politicos are finally beginning to take notice because of the damage that has been done—especially to working Americans who can no longer afford a … Continue reading →

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The Confused Consumer

Posted on September 24, 2024 by Popular Economics Weekly

Financial FAQs The Conference Board’s index of consumer confidence sank to 98.7 this month from a revised 105.6 in August the Conference Board said Tuesday. Consumer confidence dropped in September to near the bottom of the narrow range that has … Continue reading →

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Retail Sales Slowing

Posted on September 18, 2024 by Popular Economics Weekly

Financial FAQs Breaking News: The Federal Reserve just announced it’s first rate cut of 0.50%, which lowers its Fed Funds rate from 5.25% to 4.75%. Advance estimates of U.S. retail and food services sales for August 2024, adjusted for seasonal … Continue reading →

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Inflation Still in Decline

Posted on September 12, 2024 by Popular Economics Weekly

Popular Economics Weekly The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics. Over the last 12 months, the all items … Continue reading →

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Economy Has Landed–Part II

Posted on September 6, 2024 by Popular Economics Weekly

Popular Economics Weekly Fed Chairman Powell finally admitted the U.S. economy has made a soft landing at this year’s Jackson Hole Federal Reserve Conference. “The labor market is no longer overheated, and conditions are now less tight than those that … Continue reading →

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Why No Recession?

Posted on September 4, 2024 by Popular Economics Weekly

Financial FAQs I said last month we know why the US economy is still growing. Consumers keep spending, and the unemployment rate, though rising, is just 4.2 percent. The second revision of second quarter economic growth confirms this as well, … Continue reading →

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Consumers Barely Solvent

Posted on August 30, 2024 by Popular Economics Weekly

Financial FAQs I said last month we know why the US economy is still growing. Consumers have kept spending. The second revision of second quarter economic growth confirmed this when Gross Domestic Product growth jumped from 2.4 to 3.0 percent! … Continue reading →

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When Will Housing Recover–Part II

Posted on August 27, 2024 by Popular Economics Weekly

The Mortgage Corner Federal Reserve Chair Powell has said the Fed is about to cut interest rates, so I’ve been wondering if the housing industry can come out of its self-made recession? One good sign is that existing-home sales ticked up … Continue reading →

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U.S. Economy Has Landed

Posted on August 24, 2024 by Popular Economics Weekly

Popular Economics Weekly GETTY It’s about time. Fed Chairman Powell has finally admitted in so many words that the U.S. economy made a ‘soft landing’; economists’ term for inflation to have declined sufficiently that the Fed can begin to ease … Continue reading →

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Consumers Are Still Solvent?

Posted on August 17, 2024 by Popular Economics Weekly

Popular Economics Weekly FREDretailfoodservices My recent blogs have been questioning how long consumers can keep shopping for good reason; their debts have been piling up, which seems to mean they have been able to borrow enough to stay in the … Continue reading →

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