Category Archives: Weekly Financial News

Residential Construction Holding Up

Posted on October 22, 2019 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,256,000. This is 9.4 percent below the revised August estimate of 1,386,000, but is 1.6 percent above the September 2018 rate of … Continue reading →

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Lower Retail Sales Hint at Weaker Economic Growth Ahead

Posted on October 17, 2019 by Popular Economics Weekly

Popular Economics Weekly Fred U.S. retail sales that mirror consumer spending, which powers some two-thirds of U.S. GDP growth, fell for the first time in seven months in September, raising fears that a slowdown in the American manufacturing sector could … Continue reading →

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Nobel Prize in Economics Breaks New Ground

Posted on October 15, 2019 by Popular Economics Weekly

Popular Economics Weekly STOCKHOLM (AP) — The 2019 Nobel Prize in Economic Sciences has been awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” It was ground-breaking for several reasons. Firstly, … Continue reading →

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The U.S. Economy Is Slowing!

Posted on October 8, 2019 by Popular Economics Weekly

Financial FAQs Late Monday, the U.S. blacklisted 28 Chinese companies because of their alleged role in human-rights violations against Muslim minorities ahead of the high-level discussions which will be led by China Vice Premier Liu He on Thursday. Bloomberg also … Continue reading →

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Lowest Unemployment Rate In 50 Years

Posted on October 4, 2019 by Popular Economics Weekly

Popular Economics Weekly MarketWatch The unemployment rate dropped to a 50-year low, and there are still 6 million jobs available. Private payrolls expanded by 114,000 after an upwardly revised 122,000 advance the prior month, according to a Labor Department report … Continue reading →

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How Much Has US Economy Slowed?

Posted on October 3, 2019 by Popular Economics Weekly

Financial FAQs Calculated Risk It’s a difficult question to answer. We know the US economy is slowing, and the manufacturing activity is already contracting—the first of the four indicators that are used to call a recession—per the ISM’s Manufacturing Diffusion … Continue reading →

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Higher Home Sales Mean What?

Posted on October 2, 2019 by Popular Economics Weekly

The Mortgage Corner FRED “Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. … Continue reading →

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Who’s Willing to predict Q3 GDP?

Posted on October 1, 2019 by Popular Economics Weekly

Financial FAQs FRED.org We will be lucky to stay at 2 percent growth in this third quarter ending in September. So say a survey of economists, with a PMI Composite FLASH reading of next week’s manufacturing and non-manufacturing surveys flat, … Continue reading →

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Q2 GDP Growth Unchanged

Posted on September 26, 2019 by Popular Economics Weekly

Popular Economics Weekly BEA.gov In the face of declining consumer confidence, but strong consumer and government spending, the third estimate of second quarter GDP growth was unchanged at 2 percent. The BEA reported the increase in real GDP in the … Continue reading →

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Fear of Recession Rises as Wholesale Prices Fall

Posted on September 11, 2019 by Popular Economics Weekly

The Mortgage Corner MarketWatch The wholesale cost of raw and partly finished goods both fell in August and are negative in the past year, suggesting little inflation in the “pipeline,” according to the Bureau of Labor Statistics. Wholesale inflation has … Continue reading →

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