Powell: Fed Could Begin Tapering Asset Purchases Before Year-End
In a highly anticipated speech at the Federal Reserve’s Jackson Hole economic symposium today, Fed Chairman Jerome Powell signaled that...
Economy
The Ghost of Thomas Jefferson
How Jefferson’s skepticism about central banking was woven into the fabric of the U.S. financial regulatory system.
GDP Increases in Second Quarter Revised Estimate
Real GDP increased at a seasonally adjusted annual rate of 6.6% during the second quarter of 2021, according to the...
New Orders for Durable Goods Decrease in July
New orders for manufactured durable goods in July decreased 0.4 billion or $0.1% to $257.2 billion, the U.S. Census Bureau...
New Home Sales Rise in July
New single-family home sales rose to a seasonally adjusted annual rate of 708,000 in July, according to the U.S. Census...
Existing-Home Sales Rise in July
Existing-home sales rose 2.0% in July to a seasonally adjusted annual rate of 5.99 million, according to the National Association...
ABA Data Bank: International Container Shipping Freight Rates Skyrocket
Continued supply-chain constraints have driven shipping costs to record highs. The average price to ship a 40-foot container from China...
FOMC: Delta Variant Posing ‘Downside Risks’ to Economic Outlook
Slowing vaccination rates and the spread of the Delta variant pose “downside risks” to the economic outlook, according to members...
Housing Starts Fall in July
Housing starts were at a seasonally adjusted annual rate of 1.534 million in July, according to the U.S. Census Bureau....
Home Builder Confidence Falls in August
The National Association of Home Builders/Wells Fargo Housing Market Index fell to 75 in August. Buyer traffic fell to its...
