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With home equity at an all-time high, homeowners could start turning more often to this source of lower-cost debt.
U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
The measures are significantly more dramatic than some previous Democratic proposals – a reflection of the proximity to the midterm elections and the early interest surrounding the presidential race in 2020.
President Donald Trump shouldn't be criticizing independent federal agencies like the Federal Reserve, his former top economic advisor Gary Cohn says.
The Fed has signaled it could raise rates 3.5 percent by 2020.
The Conference Board's Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.
Greenspan suggests the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force up wages and inflation.
New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973.
"You'll find every president has an insight into how the markets work," says the former Fed chairman whose tenure spanned four administrations.
The Federal Reserve has been telegraphing to the market that it intends to keep raising rates both to stave off high inflation and to prevent financial markets from getting unhinged. The market seems to stop reading after the "inflation" part.
Officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday, despite what the president thinks.
Job openings hit a record in August, indicating companies could face more inflationary pressures ahead with a tight labor market.Â
The gap between investors expecting a strong U.S. economy and a weak global economy is at its widest since October 2007, right around the stock market highs before the crisis plunge.
U.S. industrial production increased for a fourth straight month in September.
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Kudlow, who declined to call out any companies by name, says he wanted to express his skepticism because CEOs "love to blame other factors."
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