WSJ Economy
WSJ Economy, focused on macro trends, policy shifts, and the economic forces driving markets. Understand what’s happening — and why it matters.
Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Another Fed Rate Hike Looks Possible
Market participants will stay focused on the global bond selloff and fluctuations in energy prices as the Middle East conflict drives up economic costs across the region.
Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Another Fed Rate Hike Looks Possible
Market participants will stay focused on the global bond selloff and fluctuations in energy prices as the Middle East conflict drives up economic costs across the region.
Consumer Sentiment Ticked Lower in September
The University of Michigan survey’s headline index landed at 48.1 in September, down from 51.7 in August.
Durable Goods Orders Were Unchanged in August
Demand for U.S. durable goods was unchanged in August, according to Commerce Department data. Economists expected a decrease of 0.3%.
The rental market in Portland, Ore., is so depressed that high earners are paying some of the same rents as lower-income residents who qualify for subsidized housing
Rarely has the Oregon city seen such a narrow price gap between market-rate and affordable units.
German Consumer Confidence Falls to Lowest Since May on Energy Costs
Consumer confidence in Germany dropped unexpectedly sharply, dragged down by rising energy prices as tensions escalated in the Middle East.
Average 30-year mortgage rates hit 7.03% this week, the first time they have surpassed 7% since the beginning of last year
The effect of rates topping the psychologically important 7% level is rippling through the market for buyers, sellers and builders.
Canada Retail Sales Recover Following First Fall of Year in July
Sales in July fell for the first time this year, declining 0.7% from the previous month to a seasonally adjusted 73.7 billion Canadian dollars, the equivalent of about US$52.25 billion.
U.S. Jobless Claims Slid Further Last Week
U.S. jobless claims fell to 197,000 in the week through Sept. 19, according to the Labor Department. Economists surveyed had expected initial unemployment claims to rise to 201,000.
Chinese President Xi Jinping doesn’t have as much leverage as it seems. Read more in today’s WSJ Economics newsletter:
Plus, how deficits boost bond yields, AI’s drug-discovery struggles and signs of a food-price shock
German Business Sentiment Climbs to Highest Level in Three Years
The president of the Ifo Institute said companies assessed their current business situation more positively and the economy continued to recover.
WSJ Economy, focused on macro trends, policy shifts, and the economic forces driving markets. Understand what’s happening — and why it matters.