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The Fed has a very strong case to keep rates higher for longer

Sat, 02/17/2024 - 08:16

Tech Insider : Economy, Economy

Jerome Powell — The case for keeping interest rates higher for longer is strong.
Amber Baesler/AP Photo

economy, Markets, mi-exclusive, Markets, economy, jerome-powell, interest-rates

There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says

Fri, 02/16/2024 - 15:14

Tech Insider : Economy

A photo of Larry Summers — Summers says odds are "meaningful" that the Fed's next rate move is a bump higher.
Tom Williams/CQ-Roll Call, Inc via Getty Images

economy, Markets, Inflation, fed-rate-cuts, housing-market, cpi-data, PPI

China rolled out a new measure of youth unemployment. It shows the nation's labor market is still a mess, think tank says

Fri, 02/16/2024 - 15:03

Tech Insider : Economy

Students from Wuhan University hold flags during the graduation ceremony in the school's stadium on June 20, 2023 in Wuhan. — Students from Wuhan University hold flags during the graduation ceremony in the school's stadium on June 20, 2023 in Wuhan.
Ren Yong/SOPA Images/LightRocket/Getty Images

economy, Markets, china-unemployment, youth-unemployment, china-markets, chinese-economy, atlantic-council

Wall Street just can't get enough of Nvidia

Fri, 02/16/2024 - 11:40

Tech Insider

Jensen Huang of NVIDIA talking — Nvidia CEO Jensen Huang.
I-Hwa Cheng/AFP/Getty Images

Tech, Markets, Tech, Markets, Stocks, nvidia, wall-street

Solar power could drive more than half of new electricity generated in the US this year, EIA says

Fri, 02/16/2024 - 11:35

Tech Insider : Economy

Solar panels in the Nevada desert — NV Energy

economy, Markets, solar-panels, Solar, renewables, energy-sector-outlook, EIA

Housing-market activity stalls in January amid uncertain rate outlook

Fri, 02/16/2024 - 11:25

Tech Insider

A row of houses on a street. — Getty/Grace Cary

Real Estate, Markets, real-estate, new-home-sales, housing-prices, mortgage-rates, geopolitical-tension

The number of home sales per real estate agent is at its lowest level in over a decade

Fri, 02/16/2024 - 10:10

Tech Insider

The number of home sales per real estate agent is at its lowest level in decades — The number of home sales per real estate agent is at its lowest level in decades.
C.J. Burton/Getty Images

Real Estate, Markets, housing-market, housing-market-outlook, mortgage-rates, real-estate-agent, home-prices

No soft landing: The US economy is going to fall into recession in the middle of 2024, Citi's chief economist says

Thu, 02/15/2024 - 13:21

Tech Insider : Economy

A recession is coming in 2024 — A recession is coming in 2024, according to Citi.
Getty Images

economy, Markets, us-economy-outlook, recession-outlook, soft-landing, hard-landing, next-recession

Investors bought a record 26% of the affordable houses in the US last quarter

Thu, 02/15/2024 - 11:44

Tech Insider

A row of houses on a street. — Investors bought more than a quarter of the affordable homes in the US last quarter, Redfin said.
Getty/Grace Cary

Real Estate, Markets, homebuying, real-estate, mortgage-rates, house-prices, affordable-home

The Fed is going to hold out on rate cuts longer than we think, investment strategist says

Thu, 02/15/2024 - 11:28

Tech Insider : Economy, Crypto

Fed Chair Jerome Powell — U.S. Federal Reserve Board Chairman Jerome Powell speaks at a news conference.
Win McNamee/Getty Images

economy, Markets, fed-rate-cuts-forecast, us-economy-outlook, consumer-spending, us-stock-market, tech-stocks

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