Economy

Single-family homes line the street in a residential neighborhood on October 27, 2023, in Evanston, Ill. Jamie Kelter Davis for The Wall Street Journal

Home Sales Fell to a New 13-Year Low in October

High prices and elevated mortgage rates have made home purchases less affordable.

By

Nicole Friedman

16 hours ago

4 min read

FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo

The Fed Wants More Evidence Before Changing Rate Stance

Officials highlighted the risks of stronger-than-anticipated inflation and weaker-than-expected growth at their recent monetary-policy meeting.

By

12 hours ago

4 min read

Shoppers in the Toronto Eaton Centre on Black Friday in Toronto, Ontario, Canada, on Friday, Nov. 25. 2022. BlackÂ FridayÂ arrives as the traditional kickoff to Christmas shopping with year as a departure from 2021, when consumers splurged after pulling back during the pandemic. Photographer: Cole Burston/Bloomberg

Canada Inflation Continues to Ease

Inflation in Canada again cooled in October, continuing a trend that is likely to comfort central bankers and add weight to expectations that interest rates will hold steady near-term.

By

Robb M. Stewart

15 hours ago

4 min read

BUENOS AIRES, Nov. 20, 2023 Javier Milei from the far-right Liberty Advances coalition shakes hands with supporters outside his campaign headquarters in Buenos Aires, Argentina, Nov. 19, 2023. Javier Milei has won Argentina's presidential runoff against Economy Minister Sergio Massa, initial results of the electoral authority showed on Sunday..Conceding defeat before official results came out, Massa said he has congratulated Milei, who will be the country's president for the next four years. (Credit Image: Â© Luciano GonzÃ‚(R)Ã‚Â¢Lez Torres/Xinhua via ZUMA Press)

For Argentina, Dollarization May Work Better on YouTube Than in Reality

Anarcho-capitalist President-elect Javier Milei is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one.

By

21 hours ago

4 min read

Single-family homes vs. apartments, change in rent year over year

Houses Too Expensive to Buy Underpin Lofty Rents

Single-family home rents are rising more than apartments this year.

By

November 21, 2023

4 min read

FILE PHOTO: An employee works on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. REUTERS/Kamil Krzaczynski/File Photo

The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply

Rising labor force, productivity lowered inflation despite still-strong growth, taking pressure off the Fed to raise rates.

By

November 19, 2023

5 min read

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Congrats, Your House Made You Rich. Now Sell It.

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November 17, 2023

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MILL VALLEY, CALIFORNIA - NOVEMBER 03: A customer walks by a now hiring sign posted in front of an In-N-Out restaurant on November 03, 2023 in Mill Valley, California. According to a report by the Bureau of Labor Statistics, job growth slowed in October with a total of 150,000 new jobs added compared to analyst expectations of 180,000. The unemployment rate inched up to 3.9% from 3.8%. (Photo by Justin Sullivan/Getty Images)

The Elusive Soft Landing Is Coming Into View

November 15, 2023

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SAN FRANCISCO, CALIFORNIA - OCTOBER 02: A pedestrian carries shopping bags while walking through the Union Square shopping district on October 02, 2023 in San Francisco, California. According to a report by the Commerce Department, U.S. consumer spending rose by 0.4% in August. (Photo by Justin Sullivan/Getty Images)

U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches

November 15, 2023

5 min read

Promotional leaflets can be seen on a countertop of a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth. The pressures come as President Joe Biden struggles to tackle negative sentiment about his handling of the economy, as he campaigns for re-election. (Photo by ROBERTO SCHMIDT / AFP) (Photo by ROBERTO SCHMIDT/AFP via Getty Images)

While All Inflation Feels Bad, Housing Inflation Is the Worst

November 15, 2023

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(FILES) In this file photo taken on October 21, 2020 Shoppers walk through a busy Grafton Street in Dublin, as Ireland prepares to enter a second national lockdown to stem the spread of the virus that causes Covid-19. - Ireland's economy rose by 3.4 percent in 2020 despite the pandemic as the coronavirus fuelled a boom in pharmaceutical and IT exports, finance minister Paschal Donohoe said March 5, 2021. Ireland fared better than bigger eurozone economies such as Germany and France, which plunged into recessions last year as the pandemic shut down the global economy. (Photo by Paul Faith / AFP) (Photo by PAUL FAITH/AFP via Getty Images)

Covid’s Biggest Economic Winner Is Running Out of Steam

November 16, 2023

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