Category Archives: Weekly Financial News

Housing Market Swoon–Part II

Posted on January 20, 2023 by Popular Economics Weekly

The Mortgage Corner CalculatedRisk Despite improved builder sentiments, privately‐owned housing starts were down in December at a seasonally adjusted annual rate of 1,382,000. This is 1.4 percent below the revised November estimate of 1,401,000 and is 21.8 percent below the December … Continue reading →

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Fourth Quarter Showing Stronger Growth

Posted on January 19, 2023 by Popular Economics Weekly

Financial FAQs AtlantaGDPNow What are we to make of a predicted jump in fourth quarter GDP growth? The Atlanta Fed’s GDPNow prediction of Q4 growth was just increased to 3.5 percent and had been creeping upward as more positive economic … Continue reading →

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Fed’s Inflation Target Too Low

Posted on January 16, 2023 by Popular Economics Weekly

Financial FAQs FREDhourlywages Why is the Federal Reserve enforcing a 2 percent inflation rate target? Such a monetary policy has meant Fed Governors have endangered economic growth by holding to a target rate that I believe is too low. Whatever … Continue reading →

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No More Inflation Worries?

Posted on January 12, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDcpi The Fed seems to have done it, raising interest rates enough to break the back of the highest inflation rate in 40 years. But will it be enough to stop the Fed Governors from continuing to … Continue reading →

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Job Market Defies the Fed

Posted on January 6, 2023 by Popular Economics Weekly

Popular Economics Weekly MarketWatch All eyes are now on the Federal Reserve and Chairman Powell. Companies are daring Powell and his Governors to crimp their profits by threatening dire consequences (i.e., a recession) if they don’t slow down hiring at … Continue reading →

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Is Job Market Still Too Hot?

Posted on January 4, 2023 by Popular Economics Weekly

Financial FAQs CalculatedRisk No matter how hard it tries, the Fed hasn’t been able to slow hiring in the hopes that it will bring down inflation—because corporations have record profits and are only beginning to lay off workers. But watch out … Continue reading →

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To A Happier New Year!

Posted on December 30, 2022 by Popular Economics Weekly

Popular Economics Weekly AtlantaGDPNow Will US economic growth fall off a cliff in January? Maybe not. The Atlanta Federal Reserves’ GDPNow estimate has just raised their estimate of fourth quarter GDP growth to 3.7 percent and it was right on … Continue reading →

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US Economy Still Surging

Posted on December 22, 2022 by Popular Economics Weekly

Popular Economics Weekly BEA.gov Surprise, surprise. Third quarter GDP growth was revised upward in the government’s third estimate. How can we be thinking of a recession next year? Oh yes, because it increases the likelihood that the Federal Reserve will … Continue reading →

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Housing Market Swoons

Posted on December 21, 2022 by Popular Economics Weekly

The Mortgage Corner Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today’s high-inflation, high-interest rate … Continue reading →

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Don’t Blame the Workers

Posted on December 16, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDavghourlywages What are we to make of Senator Elizabeth Warren’s reaction to Fed Chair Powell’s recent remarks on inflation? “He’s pushing hard to get more people fired because he thinks that is one way to help bring … Continue reading →

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