Rising Inflation Makes Fed Interest Cuts Unlikely in the Near Term
Consumer prices rose slightly faster in February, a signal for the Fed to hold cutting interest rates. Prices rose 0.4% from a month earlier in January and increased 3.2% from a year ago, according to the Labor Department. That rise in prices was slightly higher than...
The CHIPS Act is poised to bring more jobs to New Mexico. It’s unclear how that will affect the local housing market.
Embed from Getty Images A manufacturing boom in New Mexico is likely to bring jobs and growth to the state – but it may also exacerbate an existing housing crisis. The boom is partially due to the Biden administration’s 2022 CHIPS and Science Act, which is aimed at...
February sales fall short of expectations, though consumers are expected to remain strong
US retail sales rose less than expected in February, a possible sign of a softer economy, but not necessarily of consumer weakness. February retail sales rose a seasonally adjusted 0.6 percent according to a Census Bureau report on Thursday. This was lower than the...
Black business owners struggle as lending standards remain tight
Fashion stylist Daun Green started her company Dusk ‘Til Dawn in her home in 2015. However, as she booked more film and photo shoots and found herself carrying more supplies, she knew she needed a change of pace–a truck and a showroom. Green decided to apply for a...
Consumers Have More, But They’re Spending Less
Consumer spending slowed in January from a very high rate in December, and inflation cooled less than economists had hoped.Personal income increased 1% in January, the Bureau of Economic Analysis said Thursday. But despite such a big gain, Americans spent just 0.2%...
The trade deficit increases but consumer spending remains strong
The U.S. trade deficit increased in January, a sign that consumer spending is strong. The goods and services deficit increased by $3.3 billion from January, the Census Bureau reported Thursday, surpassing economists’ predictions. Imports rose by $3.6 billion, far...
Record Home Prices Close Out 2023; Up 5.5%
Home prices ended 2023 at a record high as limited inventory inched prices up and buyer confidence grew thanks to a modest reduction in mortgage rates. The December S&P CoreLogic Case-Shiller Indices capped a year that started slowly but ultimately saw growth...
Durable Goods orders drop steeply in January in sharpest decline since the pandemic
The reduction in new orders suggests the manufacturing sector is still in a recession US durable goods orders declined more than expected in January, a sign that the manufacturing sector has not yet begun to recover from two years of stalled growth. Overall orders for...
January Retail Sales Show Unexpected Decline, Though Downturn Remains To Be Seen
US retail sales dropped more than anticipated in January, a sign of economic slowdown, but not necessarily a sign of oncoming recession. January retail sales declined a seasonally adjusted 0.8 percent according to a Census Bureau report on Thursday, lower than the...