economist
Doug Duncan, chief economist of the government-sponsored mortgage finance giant, noted the challenging environment for first-time homebuyers, with mortgage rates hovering near 20-year highs and a dearth of inventory keeping home prices elevated.The 30-year fixed mortgage rate has been stuck around 7% all year. Single-family home prices, meanwhile, climbed 7.4%…
Russia’s economy is completely dominated by its war in Ukraine, so much that Moscow cannot afford either to win or lose the war, according to one European economist.Renaud Foucart, a senior economics lecturer at Lancaster University, pointed to the dire economic situation facing Russia as the war in Ukraine wraps…
The US miscalculated when it imposed harsh sanctions on Russia, and not only has Vladimir Putin’s economy weathered the impact, but the West is facing the negative effects of the economic restrictions it imposed. That’s according to Jeff Rubin, an economist who thinks the West may have opened “Pandora’s box of…
Mohamed El-Erian named three key risks that will determine where US growth is headed in 2024 through 2025. That includes changes to the Fed’s inflation target and low-income consumer spending. Investors will also watch for a balance between technological innovation and geopolitical tension. If Wall Street was wrong about recession…
The economy is flashing a recession warning that has only been wrong once in the last 120 years. The ECRI’s Leading Economic Index has started to decline in the past year, top economist Lakshman Achuthan said. GDP growth and the job market are also weakening in certain areas, which could…
