New home sales down 40% this year to lowest level since 2016
New home sales extended this year's slump by dropping 12.6% in July to 511,000 annualized, following a 7.1% drop in June.
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Can a price cap on Russian oil work?
The idea of placing a cap on the price of Russian oil leaves the question of enforcement-or how to prevent Russia and other nations from getting around the cap.
Latest jobless claims and producer inflation show upside surprises
New filings for jobless benefits last week rose by 3.8% to 244,000 while producer inflation rose by a surprisingly strong 1.1% in June.
U.S. retail sales fall as inflation takes a toll
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday.
Oil prices and price gouging: Deconstructing the price of gas
The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay…
The Real Economy: December 2021
Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
The ripple effect of supply shortages
Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.