Here are five things you need to know for Friday August 5th: 1. — Stock futures mixed ahead of July jobs report US stock index futures were mixed on Friday ahead of a key economic report that investors are hoping will provide further clarity on the direction of the economy and whether the Federal Reserve’s … Read more
The Federal Reserve has a simple anti-inflation playbook. Here’s how it works: Continue to put upward pressure on interest rates until business and consumer spending weakens across the economy and inflation falls. Historically, the Fed’s anti-inflation policy has always hit the US housing market particularly hard. When it comes to home transactions, monthly payments are … Read more
“We are now at levels that are broadly consistent with our estimates of neutral interest rates, and having frontloaded our rate hike cycle so far, we will be much more data dependent going forward.” The Federal Reserve hiked interest rates another 75 basis points on Wednesday, despite acknowledging that economic growth is slowing significantly. The … Read more