Other News

Could February’s durable goods order decline be a fluke?

Durable goods orders decreased in February following four consecutive months of increases, which is likely due to the lingering effects of the omicron variant, but experts say there’s no cause for concern, yet. New orders for durable goods – products that have a lifespan of three years or more – […]

February Retail Sales Modestly Rise as Inflation Ensnares Consumers

Retail sales rose modestly last month as Americans continued to worry about inflation and rising food and gas costs.  February retail sales were up 0.3 percent from January, the Census Bureau reported Wednesday. But the most surprising figure was revised January sales, which increased to 4.9 percent from 3.8. And […]

Plan to rent a car soon? It’s best to start your search early

An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]

Inflation rises to a 40-year high as gas prices surge

U.S. inflation worsened in February, rising to a 40-year high, and it could accelerate as geopolitical conflict in Eastern Europe threatens to disrupt the global economy.  The annual inflation rate rose to 7.9% last month, the Bureau of Labor Statistics said Thursday. Its Consumer Price Index, which tracks price movements […]

U.S. Trade Deficit Swells To New Record 

The U.S. trade deficit swelled to a record high at the start of 2022, the latest sign that American demand for foreign-made goods has continued to sharply outpace shipments abroad. The trade deficit in goods and services rose by $7.7 billion, or 9.4%, to $89.7 billion in January, according to […]

Durable goods orders continue to rise despite lack of supply

Durable goods orders increased in January showing the economy’s resilience, despite global supply chain snafus and the third year of the COVID-19 pandemic approaching.  New orders for durable goods – products that last for three years or more – rose 1.6 percent. This is the eighth increase over the last […]

Low inventory pushes home price increases to 34 year high in 2021

Low inventory and high demand fueled historic gains for the real estate market in 2021.  Nationwide home prices increased 18.8% from December 2020 to December 2021, according to the S&P CoreLogic Case-Shiller housing index. The gain is the highest in the index’s 34-year history and surpasses 2020’s 10.4% increase. Home […]