Title: Florida’s Housing Market Sees Cooling Trend After Pandemic Boom Introduction: Florida’s housing market, which experienced a frenzy during the coronavirus pandemic, is now showing signs of cooling off. The state’s single-family home prices have remained flat year-over-year for the first time since 2011, following a significant rise of nearly 50% over the past three … Read more
In the United States, the consumer price index (CPI) for May will be released on the 13th. The central bank’s CPI is expected to signal that underlying price pressures remain persistent, even as the Fed uses different inflation measures to target the 2% target. The core index, which excludes volatile food and energy, is expected … Read more
Last week, U.S. unemployment claims rose to their highest level since October 2021. It suggests that the increasing number of corporate layoff announcements may have started to lead to actual job cuts. Key Point Initial jobless claims for the week ending June 3 increased by 28,000 from the previous week to 261,000 The increase from … Read more
Three years of inflows to stocks have stopped. A report by Bank of America (BofA) showed on the 26th. EPFR Global data cited by strategist Michael Hartnett showed that investors were pulling money out of equities and into money market funds (MMFs) and bonds. Stocks saw an outflow of $3.9 billion in the week ending … Read more
An index of U.S. business activity rose unexpectedly in May to the highest level in nearly a year. Firm demand in the service sector contributed. The outlook for the future of the economy has also become brighter. S&P Global’s preliminary reading of the Composite Purchasing Managers Index (PMI) for the combined US manufacturing and service … Read more
With the S&P 500 nearing a chart milestone after a seven-month rally in U.S. stocks, some previously bearish investors are showing signs of conceding defeat. Both bullish and bearish equity hedge funds bought U.S. stocks for the second week in a row, their biggest purchase since October, according to data compiled by Goldman Sachs Group … Read more
Another potential risk to the U.S. economy, should the federal government default, is higher mortgage rates. Without the debt ceiling hike, mortgage rates could rise to 8.4%, a 22% increase in average household mortgage payments and a slump in real estate sales, according to a report by property firm Zillow. If you borrow $500,000 at … Read more
The Credit Derivatives Determination Committee (CDDC), which oversees the credit default swap (CDS) market, has announced that Credit Suisse Group’s Other Tier 1 Notes (AT1 Notes) have been declared worthless in a credit event. I was asked to judge whether it would be. CDDC on websiteannouncementMarket participants have submitted a letter asking whether Credit Suisse’s … Read more
The meeting of finance ministers and central bank governors of the seven major countries (G7) will open in Niigata City on the evening of the 11th for three days. Regarding the global economy, which is the focus of the first day, we will discuss the impact of financial instability originating in the United States and … Read more
US Republican Rep. Santos (34, New York), who is suspected of falsifying his background, was arrested by federal prosecutors on the 10th. A grand jury indicted him on 13 counts as of Thursday, including fraud and money laundering, embezzlement and fraud. The indictment was released on the 10th. Santos has been under investigation for five … Read more