Key insight: A new survey of consumer credit companies by the American Financial Services Association found they have a negative outlook on business conditions for the first time in two years. What’s at stake: The downturn in expectations is likely a reflection of the potential for higher interest rates, as well as a decline in […]
Why the consumer credit outlook for 2H looks cloudier Read More »
(Bloomberg) — Kevin Warsh’s embrace of financial markets to help the Federal Reserve do its job would mean trading more precise policy tools for a blunt instrument. Processing Content It can work, but it’s an inefficient way to bring down too-high inflation and comes with trade-offs, economists and former officials say. Central bankers typically use
Warsh’s faith in markets sidelines more nuanced Fed policy tools Read More »
July’s home sale gains are a sign activity might have reached a plateau. Processing Content Closed home sales surged 7% year-over-year in July, marking the strongest annual gain seen so far this year. Total closed sales reached 382,898 homes, according to Zillow’s July Market report. “July was a strong month for existing home sales, but
Strong home sales mask impending slowdown for originators Read More »