Inflation Frenzy Continues as Supply Chain Now Faces Disruptions
As the holiday season approaches, the inflation frenzy continues. Currently, the U.S. faces a cavalcade of supply chain disruptions.
As the holiday season approaches, the inflation frenzy continues. Currently, the U.S. faces a cavalcade of supply chain disruptions.
After months of slow recovery, inflation remains high. Meanwhile, the latest GDP reported showed a negative impact on supply chain growth.
In a really surprising week, analysts saw retail sales jump far above the consensus while Consumer Price Index failed to reach it.
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
This week, the Fed surprised investors with a new projection, driving rising mortgage rates. Coming into the week, investors laser-focused on Wednesday’s Fed meeting.
Looking at the recent data, new home sales skyrocket though mortgage markets barely changed. Mixed economic data caused little reaction.
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
This week, stocks plunged amidst the latest concerns regarding the coronavirus pandemic while investors shifted their to less risky assets.