The U.S. has a burgeoning housing affordability crisis and it's likely to persist longer than high prices in grocery stores and at gas pumps.
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Amid the backdrop of war in Ukraine and Western sanctions on Russia, Federal Reserve officials are trying to lift short-term interest rates from the emergency levels that have been in place for two years.
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The Russian invasion of Ukraine, and the world’s response of inflicting financial shock and awe, made the strong jobs report take a back seat to geopolitical uncertainty.
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Given that the post-COVID inflation spike will persist, it’s time to dust off some inflation-fighting strategies that consumers used four decades ago.
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The labor market stomped on Omicron. Although the variant was expected to extract a toll on the January employment situation, the report was much stronger than expected.
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In the early part of 2022, investors were introduced to something they barely recalled from the early days of COVID: scary stock market losses.
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The government reported that 210,000 jobs were created in November, below expectations for 550,000.
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The labor market bounced back in October with the economy adding 531,000 new positions, the upper end of the range of estimates, and revisions to the two previous months added an additional 235,000 than previously reported.
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Just in time for Halloween, two reports spooked economists. Does this mean that the U.S. economy looks like zombies from The Walking Dead?
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