Policymakers at the Federal Reserve have opted to keep interest rates frozen.
The International Monetary Fund downgrades the outlook for global economic growth, citing diminished momentum in the U.S. and Japan among the reasons.
Job creation has proceeded slowly and steadily for many months now. On the positive side, the long economic recovery, dating back to the summer of 2009, appears to be sustainable. While at first glance, the slight increase in the unemployment rate to 5% might appear to be negative, it happened as more people were in
There’s virtually universal agreement that the job market can still do better than this.
The Federal Reserve probably will raise rates slowly, and over several years, Fed Chairwoman Janet Yellen says.
Overall, the number of consumers with personal loans jumped by 18% from the 3rd quarter of 2013 to the 3rd quarter of 2015, according to recent data from TransUnion.
More of the recovery story will be fleshed out with this week’s readings on growth and housing.
Homebuilders are becoming increasingly optimistic about their prospects as the economy and housing market improve.
Improved job prospects, low interest rates and a low supply of housing mean that home prices are showing healthy gains.
Strong May employment report means the economy is strengthening and the Federal Reserve will stay on track to start tightening monetary policy. This means that mortgage rates will likely continue their upward march.