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Employment conditions have been improving over the past three months after a rocky start to 2026.
Second-quarter GDP outlook remains strong.
Improving oil flows through the Strait of Hormuz have pushed Brent crude below levels seen before the conflict erupted.
The problem is more acute in California and New York, leading to underbuilding of affordable housing and resident outflows, NAHB chief economist says.
The S&P 500’s rally in the first half of this year was concentrated in AI and energy.
‘Today’s results underscore the strength of the banking system,’ Michelle Bowman, the Fed vice chair for supervision, said in a statement.
May sales were down 7.3 percent from April and 6.8 percent from a year earlier, according to the Census Bureau.
It marked the highest share in more than 15 years.
The Treasury secretary called for national capacity, reciprocity, and writing rules for stablecoins, tokenization, and new payment systems.
Fewer prospective homeowners said they are waiting for market conditions to improve before purchasing.
The U.S. is leading the world, the AI and data center boom cannot be stopped, and the boom will persist for at least the next three years.
American drivers are seeing relief at the pump as gas prices extend a multi-week decline tied to lower oil costs.
The measure, opposed by Gov. Gavin Newsom, is a proposed one-time tax of up to 5 percent on individuals with a net worth of more than $1 billion.
Crude oil dropped below $75 per barrel on June 18, helping ease fears of rising inflation.
The share of rental listings priced below $1,000 a month also reached its highest level since May 2022.
‘Despite a strong payroll report in May, this is still a low-hire, low-fire market,’ Indeed Hiring Lab economists said.
Kevin Warsh ‘is going to force market participants to reprice both rates and how they read the Fed entirely,’ one market strategist said.
The Fed attributes inflation running above its 2 percent target to supply-side shocks.
The national median asking rent declined by 1.5 percent year over year.
The sharp decline in new starts was led by a steep dip in new multifamily construction, which tumbled 40.2 percent month over month.
