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inflat
www.mercurynews.com
4 months ago
Business

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

The US added 216,000 jobs in December, exceeding the number added in November.
The unemployment rate remains at 3.7%, below 4% for the 23rd consecutive month. [ more ]
english.elpais.com
4 months ago
Business

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

The US added 216,000 jobs in December, surpassing expectations and indicating resilience in the job market despite higher interest rates
Unemployment rate remains at 3.7%, reflecting a consistently low joblessness rate for the past 23 months [ more ]
www.nytimes.com
4 months ago
Business

Wall Street Sobers Up After December's Rally

Wall Street's longest winning streak in almost 20 years is close to ending.
Investors' optimism has been dampened by caution over market risks and potential interest rate cuts. [ more ]
www.theguardian.com
4 months ago
Europe politics

Eurozone inflation rises to 2.9% after increase in energy costs

December inflation in the eurozone rose to 2.9%, reversing six months of consecutive falls.
The increase in inflation was due to higher energy costs and the end of government support for utility costs. [ more ]
www.cbc.ca
4 months ago
Canada news

ANALYSIS | The Canadian economy poised to recover in 2024 | CBC News

Inflation in Canada has slowed dramatically and the economy did not slip into recession, giving hope for 2024.
The Bank of Canada has been trying to get inflation back within the one- to three-per-cent window and forecasts show that it should be within that range in the first quarter of 2024. [ more ]
moreinflat
federal-reserv
www.nytimes.com
4 months ago
Business

U.S. Added 216,000 Jobs in December, Outpacing Forecasts

The U.S. labor market exceeded expectations by adding 216,000 jobs in December, leading to optimism that the economy can maintain steady growth.
Despite concerns about higher interest rates and a potential recession, the labor market has remained resilient, with low layoffs and steady wage gains. [ more ]
www.nytimes.com
4 months ago
Business

Brisk Wage Gains in December Could Keep the Fed Watchful

Wages are still climbing briskly as hiring remains strong, causing concern for the Federal Reserve as they consider their next move on interest rates.
Most economists believe that the next move by the Federal Reserve will be to cut borrowing costs, with investors betting on rate cuts starting as early as March. [ more ]
morefederal-reserv
WSJ
4 months ago
Business intelligence

Gold Edges Lower After U.S. Payroll Data; U.S. CPI in Focus This Week

Gold prices lower after strong US jobs report
Market expectations of Fed rate cut may be impacted [ more ]
therealdeal.com
4 months ago
LA real estate

Multifamily Starts in LA County Fall to Fewest Since 2012

Construction of market-rate apartments in Los Angeles County hit a low in 2019, with only 8,000 units being built, the fewest since 2012.
Rising interest rates, lower tenant demand, and new real estate transfer taxes are all contributing to the slowdown in apartment construction in Los Angeles. [ more ]
therealdeal.com
4 months ago
LA real estate

Top Multifamily Sale Prices Fall During 2023 in LA market

The top prices for Los Angeles multifamily properties in 2023 were significantly lower than the previous year.
The average sales price for residential units in Los Angeles dropped by 19.4 percent. [ more ]
SFGATE
4 months ago
SF real estate

Paris commercial real estate sales slump to lowest since 2009

Investments in Paris commercial real estate fell in Q4 2023, bringing yearly volumes to their lowest level since the global financial crisis.
Total deals in the greater Paris area sank 63% from a year earlier to €1.1 billion in the quarter, and investments in Paris fell 56% in 2023 to €6.8 billion, the lowest yearly figure since 2009. [ more ]
www.independent.co.uk
4 months ago
UK news

Mortgages price war to hit banks as NatWest boss says it's not hard to buy property

Mortgage brokers expect price wars among banks as major lenders introduce deals with interest rates below 4%
Record number of sellers put their homes up for sale on Boxing Day, leading to increased buyer interest [ more ]
www.independent.co.uk
4 months ago
Canada news

Mortgage market heats up but homeowners face painful cost hike despite falling rates

Despite falling interest rates, homeowners still face higher monthly costs when mortgage deals expire this year.
City analysts predict interest rates could fall as low as 3% by the end of 2024. [ more ]
www.cbc.ca
4 months ago
Canada news

Looking for a five-year fixed mortgage? Some rates are already dropping | CBC News

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on certain types of mortgages.
Entrepreneur
4 months ago
Business

3 Foreign Bank Stocks Primed for Untapped Growth in 2024 | Entrepreneur

The banking industry showed resilience and stability in 2023, navigating operational and macroeconomic challenges.
Foreign banks such as Akbank, KB Financial Group, and Erste Group Bank could be solid investment options for 2024. [ more ]
Entrepreneur
4 months ago
Business

Should Investors Keep an Eye on JPMorgan and Citigroup (C) in 2024? | Entrepreneur

The U.S. banking sector is projected to remain stable despite macroeconomic uncertainties.
Lower interest rates could benefit banks by alleviating concerns about deposit costs and boosting loan demand. [ more ]
www.theguardian.com
4 months ago
Europe politics

The global economy is poised for another tumultuous year in 2024 | Kenneth Rogoff

The global economy was full of surprises in 2023, with the US avoiding a recession and major emerging markets avoiding a debt crisis.
Questions for 2024 include the future of interest rates, China's economic slowdown, and stability in emerging markets. [ more ]
www.nytimes.com
4 months ago
Cars

General Motors Reports a 14% Jump in U.S. Auto Sales in 2023

General Motors reported a 14% increase in sales of new vehicles in the US last year, selling 2.6 million cars and light trucks.
Sales of electric vehicles surpassed one million for the first time, but growth is slower than expected. [ more ]
www.mercurynews.com
4 months ago
East Bay real estate

New hybrid work schedule means a move back to Bay Area

Question: About your October 21, 2023, column titled Parents step back on selling now in the Bay Area; is that a smart move?
Boston Condos For Sale Ford Realty
5 months ago
Boston

Back Bay Condo Broker It's Time To Party Boston Condos For Sale Ford Realty

The Federal Reserve's announcement of keeping interest rates unchanged and signaling rate cuts next year has positive implications for Boston condo developers.
Boston condo brokers are optimistic about the boost in sales and financing in the second half of next year. [ more ]
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