Tag Archives: Oliver Allen

Inflation improved in April, but Fed not expected to budge on rates

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Trump administration keeps up pressure on Fed, but investors don’t expect the U.S. central bank to cut short-term rates until September. Continue reading →

Tariff fears are behind those big swings in consumer confidence

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A surge in the Conference Board’s Consumer Confidence Index for May made the preliminary numbers from a similar U of M survey look “far too negative,” one economist told clients Tuesday. Continue reading →

Consumer sentiment is hurting, but economy hasn’t faltered

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The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market. Continue reading →

Falling mortgage rates have yet to translate into pricier home sales

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Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market. Continue reading →