Category Archives: Weekly Financial News

US Inflation In Faster Decline

Posted on June 28, 2023 by Popular Economics Weekly

The Mortgage Corner The Whitehouse Council of Economic Advisors (CEA) has come out with a study that compares US inflation to European inflation, and finds that ours has come down faster, much faster, in fact. It found that so-called ‘harmonized’ … Continue reading →

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American Consumers Happier

Posted on June 27, 2023 by Popular Economics Weekly

Financial FAQs American consumers can live with higher inflation, according to the Conference Board’s latest confidence survey, but can the Fed? Its survey of U.S. consumer confidence jumped to a 17-month high of 109.7 in June, reflecting a slowdown in … Continue reading →

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Wrong Lessons Learned From 1970s

Posted on June 26, 2023 by Popular Economics Weekly

Financial FAQs Much talk has been made of what the Chairman Powell and US Fed officials say they learned from the inflation spiral of the 1970s. Keep employees’ wages from rising too fast, since they are that part of the … Continue reading →

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Q2 GDP Growth Higher?

Posted on June 23, 2023 by Popular Economics Weekly

Financial FAQs AtlantaFederalReserve The Atlanta Fed’s GDPnow graph perfectly illustrates how uncertain are predictions for second quarter economic growth. They go literally from negative growth to 2 percent plus! Why? Because though manufacturing sector growth has been negative for seven months, … Continue reading →

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Single-Family Construction Surging

Posted on June 21, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretell a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. We are now seeing more single-family construction … Continue reading →

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No More Inflation?

Posted on June 14, 2023 by Popular Economics Weekly

Financial FAQs FREDppifinaldemand The Federal Reserve has announced its first rate pause since it began to raise short term rates last year. But it threatened to raise rates twice more this year after a six week pause to study the … Continue reading →

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Inflation or Deflation Next Year?

Posted on June 5, 2023 by Popular Economics Weekly

Financial FAQs FREDpersonalconsumption The Fed’s favored personal consumption expenditures price index (PCE) has been on a sharp downward trend since June 2022 when it reached its 7 percent inflation high. Both its overall headline indicator (blue line) and core index … Continue reading →

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Debt Ceiling Deal Preserves New Deal

Posted on May 31, 2023 by Popular Economics Weekly

Financial FAQs FREDusdebt President Biden said it best concerning the agreement to raise the national debt ceiling for two years, when asked at the G-7 summit if it could cause a recession. “I know it won’t…Matter of fact, the fact … Continue reading →

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U.S. Economic Life Signs Improve

Posted on May 26, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDpceindex After a sputtering start, it looks like the U.S. economy is picking up steam. First Quarter GDP growth was revised upward from 1.1 to 1.3 percent in the BEA’s second estimate yesterday. And the Personal Consumption … Continue reading →

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This Recovery Another ‘Roaring Twenties’?

Posted on May 23, 2023 by Popular Economics Weekly

Financial FAQs AtlantaFed.org I wonder if our recovery from the COVID-19 pandemic could repeat the ‘Roaring Twenties’ jazz era of F Scott Fitzgerald. Why not? There are some surprising similarities. The Roaring Twenties were named for the era that followed … Continue reading →

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