Five things to watch out for in the upcoming durable goods report
New orders for durable goods had been plunging in the months of January and February, signaling that the market for long-lasting consumer goods is contracting as the Federal Reserve continues to raise interest rate hikes and the banking crisis deepens. The new durable...
Five Things to Watch: Home Prices
Economists predict that home prices declined year over year in February, ahead of the monthly Case-Shiller Report set to release tomorrow morning. But uncertainty lingers amidst changing seasons, regional divides and an otherwise resilient labor market. The Federal...
“Troubled Times for Afghanistan: Taliban Rule Leads to Severe Economic Crisis”
Afghanistan’s economy was in crisis even before the Taliban took control in August 2021. But now it has reached a critical point, with widespread poverty and food insecurity. In less than two years, over a million people have...
Manufacturers are turning to remote and hybrid work to address their labor shortages
Like many recruiters in 2023, Jackie Curtsinger often interviews candidates who want hybrid or remote work opportunities. But for her, there’s a catch: She works primarily with companies in manufacturing, where some amount of in-person work is unavoidable. ...
Housing Markets Are Cooling – But Not Everywhere
The Federal Reserve targets home prices to curb inflation. But only certain markets seem to be responding – revealing the imprecision of an interest hiking toolbox. Housing prices fell in January, but at vastly different speeds coast to coast. A stark split in the...
The Hudson Valley Has a New York City Problem
Greg Beytis has lived in the Hudson Valley for his whole life, so he remembers a time before the pandemic when finding an apartment only took a week, if that. But as of March, Beytis has spent four months looking for an apartment to rent where he can stay with his...
Younger Borrowers Are Grappling with Short Term Debts, the Restart of Student Loan Payments Could Provide an Additional Challenge
Young people are already struggling financially, and the potential restart of student loan payments could make their road ahead even bumpier. While American households overall have emerged from the pandemic in strong financial shape, with plenty of savings and little...
History Might Repeat Itself As Recession Fears Grow
History could repeat itself this year as recession fears grow. The Federal Reserve continues to increase interest rates to cool off the economy, which may cause a recession and affect Black and Latino unemployment first. William Martin knows when a recession hits, he...
Inflation might crush low-income groups’ hope of buying cars
When Diego Zapata (49) decided to buy his 2022 Nissan Sentra, he didn’t expect it to be a bumpy ride. He was working 60 hours a week as a porter at a grocery store for most of last year, including the winter season, and thought buying a vehicle was not only going to...
Trade Deficit Expected to Widen in February: Five Things to Watch in International Trade Report
Economists foresee a slight increase in the trade deficit due to a drop in exports and a reduction in imports, which would point to a weakening of domestic demand after a strong January