U.S. Highlights January’s personal and income spending report landed just where it was expected to, with the only surprise coming from a bigger than expected lift from nominal personal income growth. The Fed’s preferred measure of inflation, core personal consumption expenditure prices, cooled to 2.8% year-on-year, with near-term trends suggesting it has room to fall. […]
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During the COVID-19 lockdowns, renters and buyers benefited from an uncertain housing market. Mortgage rates were at historic lows for buyers, and landlords slashed rents considerably to entice renters to renew leases and draw in Read more…
Nordstrom, the luxury fashion retailer, was once owned by its founding family with the same name. However, like most former family-owned companies, the Nordstrom family had to sell most of the company’s ownership to keep Read more…
