Labor Market is Surprisingly Surging Along with Interest Rates
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
ECB Raised Interest Rates to Highest Levels Since 2011
Although this week contained little new data, the European Central Bank (ECB) raised interest rates to their highest levels since 2011.
Low Consumer Confidence Will Bring Big Changes In Spending Habits
Low consumer confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits.
Federal Reserve Tightened Monetary Policy with New 75-Basis Point Increase
At its Wednesday meeting, the U.S. Federal Reserve tightened monetary policy by a massive amount, while other global banks fight inflation.