Quantitative tightening drives up interest rates and cools the economy. When is it time to reverse course? Plus, the central bank decides to keep interest rates steady, and temp worker employment falls.
“I have not seen us write more than two offers before getting an acceptance, whereas before it was writing offer after offer after offer,” said Houston real estate broker LaTisha Grant.
McDonald’s sales slipped last quarter, which could indicate tighter budgets among lower-income Americans. Plus, the unintended effects of economic sanctions as a policy tool.
Though incomes are rising, savings are down for many Americans. Plus: An ex-auto parts clerk remembers counting inventory by hand and manufacturing booms in some regions while struggling in others.
