My husband and I can’t decide between selling our house or renting it. We live in Northern California, in an area we don’t like. The house is cute, we have a 2.5% interest rate, and we have $262,000 left on our mortgage. The Redfin estimate for our house is currently $550,000. We took in a … Read more
Investors and companies are becoming increasingly wary of the war in the Middle East, which poses a major risk to corporate performance. Sales have fallen due to widespread boycotts in Islamic countries, and attacks on cargo ships in the Red Sea have threatened supply chains. Those headwinds pose a risk to the record rally in … Read more
In the US stock market on the 9th, the S&P 500 stock index rose for the fourth day in a row and exceeded the 5,000 mark for the first time at closing price. Expectations for interest rate cuts and solid corporate performance are pushing up stock prices. Stock closing price change rate from previous business … Read more
Federal Reserve Chairman Jerome Powell said on CBS News’ “60 Minutes” broadcast on the evening of the 4th (the morning of the 5th Japan time) that the monetary authority is likely to wait until after March before cutting interest rates. He said it was big. It explains to ordinary Americans the rationale for future interest … Read more
The US labor productivity index grew faster than market expectations in the fourth quarter of last year. Productivity continued to improve throughout 2023, contributing to boosting economic growth as inflation slowed. Key Point The non-agricultural sector labor productivity index (preliminary figures) increased by 3.2% annually compared to the previous quarter. The median economist forecast is … Read more
The number of job openings in the U.S. increased in December last year, contrary to market expectations, reaching the highest level in three months. On the other hand, the number of people leaving their jobs has decreased, suggesting that workers are becoming more cautious despite the fact that demand for labor remains strong. Key Point … Read more
S&P Global announced on the 24th that the preliminary Purchasing Managers Index (PMI) for January, which combines the US manufacturing and service industries, was the highest in seven months. Order growth has become more robust, giving companies more confidence in the demand outlook. Key Point Composite PMI preliminary value rose to 52.3 The median forecast … Read more
Federal Reserve Board Director David Bowman said on Wednesday that the controversial proposed increase in capital requirements for major banks would require “substantial changes” and that the U.S. central bank would not accept any amendments. He pointed out that he should seek comment on the matter. These moves may delay the final decision on the … Read more
US bank JP Morgan Chase’s net interest income (NII) for the October-December 2023 (fourth quarter) set a new high for the seventh consecutive quarter. It also predicted that NII for the full year would increase contrary to analysts’ expectations. Full-year profits for 2023 were the highest in U.S. bank history. According to the company’s financial … Read more
U.S. inflation is likely to slow further this year, ending the year near the Federal Reserve’s 2% target. This is because the effects of the economic turmoil caused by the coronavirus pandemic are expected to further fade, and prices of some goods are expected to decline. The trend of slowing inflation is steadily pushing the … Read more