The UAW announced a big expansion to its strike, delivering a harsh blow to GM and Stellantis while sparing Ford.
Author: John Carney
Breitbart Business Digest: Leading Economic Indicators See Us on Cusp of Recession Yet Again
By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate.
Existing Home Sales Fall—But Prices Keep Rising Anyway
Home affordability keeps getting worse and worse.
Jobless Claims Plunge by 20,000 to 201,000, Challenging Fed’s View of Labor Market as Softening
Jobless claims have been falling for five out of the last six weeks.
Breitbart Business Digest: Powell Is in Denial About the Fed’s Soft Landing Forecast
The Federal Reserve appears to expect the softest of landings next year.
Fed Holds Rates Steady But Raises Forecast for Growth and Rates
Federal Reserve officials agreed to hold interest rates steady on Wednesday but indicated that they are likely to raise their benchmark target later this year. “Recent indicators suggest that economic activity has been expanding at a solid pace. …
Refi Mortgage Demand Surges 13.2% Despite High Rates
Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 perce…
Breitbart Business Digest: The Fed Will Hold Rates Steady Tomorrow
The biggest question in economics today is whether the Fed can engineer a soft landing.
Breitbart Business Digest: The Fed’s Rate Target Won’t Change This Week—But Everything Else Probably Will
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
Gas Prices Keep Climbing Even Though The Summer Driving Season Has Ended
The national average for a gallon of gasoline continues to surge higher in the U.S. as oil prices keep rising.