by Liberty Street Economics | Jan 10, 2024 | alerts, Markets/Economy
In the second quarter of 2022, the homeownership rate for white households was 75 percent, compared to 45Â percent for Black households and 48 percent for Hispanic households. One reason for these differences, virtually unchanged in the last few decades, is uneven...
by Lance Roberts | Jan 9, 2024 | alerts, Markets/Economy, Real Investment Advice
During the last week of December, I polled my Twitter followers for their outlook on the markets and the economy for 2024. The results were quite interesting, but before we look forward, we must look back at 2023 for context. Last year was not what the majority of...
by Bloomberg.com | Jan 9, 2024 | alerts, Markets/Economy
Vacancy rate in city’s core rose to 17.4% in fourth quarter More construction in Toronto has been pressuring the market The vacancy rate for downtown Toronto office buildings reached a record high at the end of last year as a flood of largely empty space from newly...
by FoodIngredientsFirst.com | Jan 8, 2024 | alerts, Markets/Economy
World food commodity prices end in 2023 about 10% below their year-earlier level, with the most notable decrease observed in international sugar quotations. According to the Food and Agriculture Organization of the United Nations (FAO) Food Price Index, the average...
by Bloomberg.com | Jan 8, 2024 | alerts, Markets/Economy
Consumer prices fell 0.5% on month, rose 3.9% on year in Dec. Central bank has said inflation ‘clearly’ easing to 3% target Chilean consumer prices unexpectedly posted their biggest monthly drop in more than a decade in December, sending swap rates tumbling and paving...
by Liberty Street Economics | Jan 8, 2024 | alerts, Markets/Economy
How can we accurately measure changes in living standards over time in the presence of price inflation? In this post, I discuss a novel and simple methodology that uses the cross-sectional relationship between income and household-level inflation to construct accurate...
