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“Union Joe suddenly turns into Union-Buster-in-Chief — to save himself” Huh! President Joe Biden actually cares more about something than Big Labor: himself. He now wants Congress to force rail unions to take a deal and avert a catastrophic strike, even though some unions have already nixed it. What a departure from the collective-bargaining-above-all approach…
“Home prices fall for third straight month in September” US single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September. Monthly house prices fell in July for the first time since late 2018. House prices…
“Central bank could cut rates in 2024” New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will need to raise interest rates over coming months but reckons a rate cut is possible in 2024 as inflation pressures ease. “I do think we’re going to need to…
“Fury over China’s insane, endless COVID lockdowns exposes President Xi” “Need human rights, need freedom,” chanted hundreds of protesters Saturday night in Shanghai, along with “Don’t want Covid test, want freedom!” and “Don’t want dictatorship, want democracy!” Plus demands for President Xi Jinping to “step down.” Xi’s insane “Zero COVID” policies and the endless severe…
” 5 tips for riding out a downbeat market this holiday season “ These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet,…
“Majority of Fed officials see rate hikes slowing soon: minutes” A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes as debate broadened over the implications of the central bank’s rapid tightening of monetary policy, according to the…
“Weekly jobless claims hit 3-month high” The number of Americans filing new claims for unemployment benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Weekly jobless claims data tend to be volatile around the start of the holiday…
“Gen Zers trading turkey for pizza as Thanksgiving prices surge” Pizza is expected to be a popular alternative to turkey at Thanksgiving dinners as hosts and guests alike face increasingly stiff prices for traditional staples, according to a survey. Some 33% of people planning to celebrate “Friendsgiving” – a casual Thanksgiving party for friends popular…
The Hill’s Morning Report — Americans tap savings amid higher prices Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct…
“Fed’s Loretta Mester supports smaller rate hike in December” The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming, Cleveland Fed President Loretta Mester said Monday. “I think we can slow down from the 75 at…