Austin, Texas, and other red-state cities have set an example for how to make housing markets work.https://www.wsj.com/economy/housing/nyc-mayor-election-housing-costs-c1f88bcb
Sales of new homes fell 13.7% to 623,000 in May amid continued concerns over high mortgage costs.https://www.wsj.com/economy/housing/u-s-new-home-sales-slump-as-high-mortgage-rates-persist-9a679fb0
Some who bought around the market peak in pandemic boomtowns owe more on their mortgages than their homes are worth.https://www.wsj.com/economy/housing/underwater-mortgages-negative-equity-charts-4e5978a1
It isnāt just the U.S. Other countries have also come to expect an independent U.S. central bank.https://www.wsj.com/economy/central-banking/federal-reserve-independence-financial-markets-df8fdebc
The president may try to terminate the Fed chairās tenure early. But whether Trump has the ability to do so isnāt clear.https://www.wsj.com/economy/central-banking/trump-fire-jerome-powell-fed-explained-6e26595f
Much is made about how central bankers fret over rising inflation, but thereās really nothing like a sudden and sharp rise in unemployment to focus their minds and force them into action.https://www.wsj.com/articles/rise-in-australian-unemployment-will-force-rbas-hand-a89bc783
The president of the New York Fed suggested he is reluctant to support lowering interest rates ahead of the bankās next meeting, arguing that tariffs are likely to drive further inflation.https://www.wsj.com/economy/central-banking/feds-williams-says-rate-stance-remains-entirely-appropriate-fb609f59
Politicians often want lower rates. Central banks seek stable prices.https://www.wsj.com/economy/central-banking/trump-central-bank-political-pressure-powell-investors-9798c6a8
U.S. consumer confidence slipped in June, reversing an improvement in May, according to the Conference Board.https://www.wsj.com/economy/consumers/survey-shows-u-s-consumer-confidence-worsened-in-june-750bf7df
The uptick was likely fuelled by easing price inflation and a cut to interest rates in May.https://www.wsj.com/economy/consumers/u-k-consumer-sentiment-edges-up-again-despite-global-turbulence-9113a89a
Consumers are making spending decisions in a haze of uncertainty about whether higher prices are the result of tariffs, inflation or companiesā push for more profits.https://www.wsj.com/economy/consumers/why-did-that-price-go-up-welcome-to-the-fog-of-trade-war-ae605e9c
The University of Michiganās closely watched consumer-sentiment index was 50.8 in preliminary numbers for May.https://www.wsj.com/economy/consumers/early-read-on-consumer-sentiment-falls-to-second-lowest-on-record-8a5e995a
Fear of rising prices can make upfront purchases rational for some groups, but not all.https://www.wsj.com/economy/consumers/inflation-fear-is-making-some-people-spend-moreand-others-less-4ba9f519
Exports decreased 5.3% as tariff frontrunning reversed and a strong franc likely squeezed demand.https://www.wsj.com/economy/trade/swiss-exports-slip-as-frontrunning-fades-strong-franc-hits-demand-5ac7c97d
Exports to the U.S. fell for the second consecutive month in May after a first-quarter boom, but remained higher than a year earlier.https://www.wsj.com/economy/trade/eu-exports-to-u-s-cool-as-trans-atlantic-trade-faces-tariff-test-94059ed1
The president wants tariffs, the higher the better. Whether that is achieved unilaterally or via deals is secondary.https://www.wsj.com/economy/trade/forget-taco-trump-is-winning-his-trade-war-8af6f777
The European Unionās top trade negotiator said he intends to speak to his U.S. counterparts Monday, adding he senses a good outcome for both sides.https://www.wsj.com/economy/trade/eu-trade-chief-to-contact-u-s-officials-after-30-tariff-threat-ce8b62d0
A new Trump tariff threat targets a bloc of 27 countries that add up to the largest U.S. trade partner.https://www.wsj.com/economy/trade/european-union-exports-tariffs-explained-64acab19
The number of Americans who newly filed for unemployment benefits declined to 221,000 last week, the Labor Department said.https://www.wsj.com/economy/jobs/u-s-jobless-claims-fell-last-week-2771b546
Australiaās unemployment rate rose unexpectedly in June, significantly boosting the case for an interest-rate cut in August.https://www.wsj.com/economy/jobs/climb-in-australian-jobless-rate-opens-door-to-rate-cut-54d2d0d3