Consumer views on the economy continue to muddle for another month as the Iranian conflict looms over oil and gas prices, according to the latest Survey of Consumers from the University of Michigan. The index of Consumer Sentiment fell 6.6% month-over-month to 49.8 (from 53.3 in March), down 4.6% year-over-year and is “now comparable to…
Tuesday morning, the Senate Banking, Housing, and Urban Affairs Committee held a confirmation hearing for Kevin Warsh, President Donald Trump’s nominee to succeed Jerome Powell as chair of the Federal Reserve. Warsh previously served on the Federal Reserve Board of Governors, appointed by President George W. Bush in 2006 and remaining until 2011. He has…
As the eyes of many are on the Federal Reserve, eagerly looking forward to the first rate cut of 2026, the market has been awaiting the latest inflation data to help fill in some pieces of the puzzle ahead of the next Federal Open Market Committee (FOMC) meeting this month. While inflation came in largely…
At the latest Federal Open Market Committee (FOMC) meeting in March, the Federal Reserve voting committee chose to keep interest rates unchanged. The release of the Fed Minutes, documenting members’ thought processes and economic projections during the meeting, showed that the commencement of the U.S. and Israel’s war with Iran unsurprisingly added a major new…
Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. The housing market is built on data. Home prices, home sales, construction rates coupled with economic data like inflation, jobs, interest rates—it all creates the ecosystem that is the housing market. Understanding the state of the market means understanding…
The commencement of the war with Iran caused further damage to consumer sentiment in March, according to the latest Survey of Consumers from the University of Michigan. The Index of Consumer Sentiment clocked in at 53.3 in March, down 5.8% from 56.6 in February and down 6.5% from 57 at the same time last year.…
While many across the industry were predicting interest rate cuts and a transition to a more balanced economy in 2026, the year so far has been shaping up a bit differently. Inflation remains elevated, mortgage rates are facing difficulty due to rising geopolitical tensions in the Middle East, and the Federal Reserve has yet to…
Consumer sentiment toward the economy, a vital metric for gauging whether consumers are feeling comfortable enough to make major purchases, showed positive signs at the outset of 2026. However, per the latest findings from the University of Michigan’s Survey of Consumers, sentiment has started to dip. The index of Consumer Sentiment fell from 56.6 in…
Despite some reports showing lower trends in inflation, the Federal Reserve’s preferred inflation measure continues to remain elevated ahead of possible complications from geopolitical tension, according to the latest data from the Bureau of Economic Analysis. The Personal Consumption Expenditures (PCE) price index grew 0.3% in January, with annual inflation at 2.8%. This is a…
Inflation appeared to once again be on the right track for the Federal Reserve’s 2% goal, according to the latest data from the Bureau of Labor Statistics (BLS). However, economists are feeling uncertain about whether the trend will continue as the economy faces potential fallout from geopolitical issues—most notably, the war in Iran. The BLS’s…
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