A Green Light for the Fed—in Three Graphs All indications point to a rate cut by the Federal Reserve this week. What’s behind the Fed’s rationale? Let’s look at three key metrics. Aided by lower gasoline prices and stable prices for consumer goods, the rate of...
Then and Now Overbuilding, speculation, and easy access to credit encouraged a housing boom and a bust in the 2000s. Sales cratered later in the decade, and along with it, prices tumbled. Today, housing sales have plummeted once again. According to the National...
Powell’s Victory Lap Speech (sort of) Fed Chief Powell’s much-anticipated speech against the picturesque backdrop of the Grand Tetons in Jackson Hole, WY, virtually assures that the Fed will reduce interest rates next month. In a short 16-minute speech, Powell said...
Economic Anxieties Subside Markets settled down in Japan, and the latest economic reports in the U.S. aren’t signaling that the economy is headed for an imminent recession. These factors sparked a strong rally in U.S. stocks last week. Led by a 3.6% rise in auto...
A Rollercoaster and the Carry Trade Ask the average investor what inflation or unemployment is, and they can probably give you a good working definition. Ask them about the ‘carry trade,’ and you’ll likely get a blank stare. Even the term itself isn’t intuitive. But a...
