The level of US debt, already elevated before COVID-19 hit, skyrocketed as Congress put into place much needed fiscal stimulus in response to the pandemic, and it may jump again as the Biden administration targets its stimulus goals. Markets have seemed unfazed by...
The seemingly endless election of 2020 is finally over, with Democrats winning both Senate seats in Georgia. As a result, President Biden will have slender majorities in the House and Senate. These slender majorities limit many dramatic policies, which require 60...
Stocks rose sharply in November after falling the prior two months, as the S&P 500 Index returned nearly 11%. Progress on COVID-19 vaccines and post-election policy clarity buoyed investor sentiment, offsetting surging COVID-19 cases in the United States and many...
New single-family home sales declined 3.5% in September to a 0.959 million annual rate, lagging the consensus expected 1.025 million. Sales are up 32.1% from a year ago. Sales fell in the Northeast, South, and Midwest, but rose in the West. The months’ supply of new...
