Open Newswire

လက်နက်ကြီးတပ်ဆင်ထားတဲ့ ဒရုန်းဗုံးကျရောက်ပေါက်ကွဲပြီး အမျိုးသမီး သုံးဦး သေဆုံး

(The Center Square) – This week brings three important reads on the economy: the S&P CoreLogic Case-Shiller Home Price Index, new home sales and the Personal Consumption Expenditures report. The housing data will matter. But they will mostly confirm what the more timely Zillow data already show. The national housing market is moving sideways. Home price growth has slowed. Sales are roughly flat from a year ago. Newly built homes remain one of the few parts of the market where buyers have more choices. Builders have been more willing than existing homeowners to cut prices, offer incentives and meet the market where demand actually is. That distinction matters. Housing is not weak everywhere for the same reason. Existing home sales are rising in markets where inventory has improved and prices have adjusted. New construction follows the same basic logic. More available homes, lower effective prices and builder incentives can still bring buyers back. But nationally, housing remains stuck. The bigger issue this week is inflation. The Personal Consumption Expenditures price index is the Federal Reserve’s preferred inflation gauge. It is likely to show that price pressure is moving in the wrong direction again. Two shocks are still working through the economy: tariff pass-through and the energy-price spike tied to conflict near the Strait of Hormuz. These shocks do not hit households all at once. They move in stages. First, businesses face higher input costs. Some absorb those costs for a while. Margins get squeezed. Then, over time, more firms raise prices to protect those margins. That is when the pressure moves from corporate income statements to household budgets. Prices are rising faster than disposable incomes. Consumers may still be spending more dollars, but those dollars are buying less. Real, inflation-adjusted spending is slowing. And the squeeze is not only coming from prices. It is also coming through interest rates. Since the conflict with Iran began, the 10-year Treasury yield is up 54 basis points. The 30-year fixed mortgage rate is up 60 basis points. That is a meaningful tightening of financial conditions for households, homebuyers and businesses. This is why energy shocks are so difficult for the Federal Reserve. Energy price shocks raise overall prices while weakening the real economy. Industrial production falls. Unemployment rises. Real gross domestic product falls relative to where it would have been without the shock. That is the bad combination: inflation rises while growth weakens. The interest-rate channel is now amplifying the squeeze. That changes the policy environment. In March, the Federal Open Market Committee held the federal funds rate at a range of 3.5% to 3.75%. The statement said inflation remained somewhat elevated and that the implications of Middle East developments for the U.S. economy were uncertain. It also kept language pointing to possible “additional adjustments,” which markets interpreted as an easing bias. By April, the tension was impossible to miss. The Fed again held rates steady. But the statement said inflation was elevated in part because of higher global energy prices. Three officials dissented because they supported holding rates steady but did not support keeping an easing bias in the statement while inflation remained elevated. Markets are starting to move in the same direction. Fed funds futures are no longer simply pricing a delayed cutting cycle. They are beginning to price the risk that the next move could be a rate hike. That is the dilemma. The Fed can look through a temporary energy shock if inflation expectations stay anchored. But it cannot ignore a shock that raises inflation expectations, because that makes inflation harder to contain. The central bank cannot make the oil shock disappear. It can only decide how much additional demand destruction it is willing to tolerate to keep inflation expectations anchored. That is the risk. Monetary policy could end up leaning against inflation caused by a supply shock and deepening the hit to activity. The broader monetary-transmission literature gives a sense of scale. A 1 percentage point increase in the federal funds rate that fades gradually lowers gross domestic product by about 0.4% after roughly 18 months and employment by about 0.3% after roughly two years, on average. The most interest-sensitive parts of the economy are housing, business fixed investment and durable goods spending. The question is not just whether inflation rises. The question is whether the squeeze begins to show up in the parts of the economy that had been holding up: services, travel, restaurants, recreation and other discretionary categories. Real consumer spending is still growing, but the mix is getting less comfortable. In March, real spending rose just 0.2%, while real disposable income fell 0.1%. The economy is still standing but consumers are increasingly relying on savings and credit. The squeeze is building.

La ministra de Ciencia, Tecnología, Emprendimiento e Innovación, Ximena Lincolao, se vería envuelta en una nueva polémica, luego de...

El juicio sobre el origen y la transformación de OpenAI ya ha quedado visto para sentencia y la resolución podría desencadenar un terremoto empresarial, financiero y político en plena carrera global por la inteligencia artificial.

دامون محمدی در برنامه تفسیر خبر: شرایط جنگی توجیه کننده بسیاری از معضلات حکومت ایران است

Also, more retailers at North East Mall, a leasing partnership and ag scholarships.

Am trăit trimp de aproape patru decenii printre francezi şi m-a interesat, evident, să aflu ce cred ei despre români şi despre România. I-am şi provocat deseori să-mi spună cu ce asociază ei numele României. Este tema cronicii de azi pentru Lumea pe gânduri.

El brasileño se hizo presente en el marcador con un solitario gol que vale tres puntos para los visitantes.

Um capítulo importante da história brasileira começa a ser desvendado. Pesquisas revelam registros financeiros de pessoas escravizadas no século 19 e indicam que esses valores podem ser quantificados, atualizados e restituídos para os descendentes. A hipótese é que o dinheiro depositado em contas da Caixa Econômica Federal tenha sido poupado para pagar a alforria de […] Fonte

El PP evita lanzar las campanas al vuelo mientras avanza el escrutinio en Andalucía, pero admite que Moreno podría consolidar e incluso ampliar su dominio.

(The Center Square) – Louisiana voters rejected all five proposed constitutional amendments in Saturday’s election, turning down measures that would have addressed teacher pay raises, property tax policy, judicial retirement rules and government authority over civil service jobs. The sweeping outcome halts a range of policy changes backed by lawmakers and sends several high-profile proposals back to the drawing board. One of the most closely watched measures would have restructured education funding by dissolving three trust funds – the Education Excellence Fund, the Education Quality Trust Fund and the Support Fund – to finance permanent annual raises of $2,250 for teachers and $1,125 for support staff. The proposal had been closely tied to ongoing budget discussions, with lawmakers warning the raises may now be difficult to sustain without the dedicated funding source. Voters also rejected Amendment 2, which would have created a separate school district for the city of St. George outside the East Baton Rouge Parish system, and Amendment 4, which would have allowed local governments to reduce or eliminate property taxes on business inventory. Supporters of the inventory tax change said it would make Louisiana more competitive economically, while opponents warned it could reduce local government revenue. Other defeated proposals included Amendment 5, which would have raised the mandatory retirement age for Louisiana judges from 70 to 75. Advocates said the change would allow more experienced judges to remain on the bench longer, while opponents said it could weaken accountability and effectively extend judicial tenure beyond current expectations. Amendment 1 also failed, which would have shifted authority over certain state civil service protections from an independent commission to the Legislature. Supporters said the move would increase flexibility and improve government efficiency, while critics raised concerns about potential political influence over state employment decisions. With all five amendments rejected, lawmakers are expected to revisit several of the proposals through future legislation or revised ballot measures.

Juan Manuel Moreno no solo conservaría la mayoría absoluta, sino que podría incluso mejorar sus resultados de 2022, mientras el PSOE de María Jesús Montero afronta una nueva caída que agrava la crisis socialista en su antiguo gran bastión electoral.

Kuba ka blerë më shumë se 300 dronë ushtarakë dhe kohët e fundit ka filluar të diskutojë planet për t’i përdorur ato për të sulmuar bazën amerikane në Gjirin e Guantanamos, anijet ushtarake amerikane dhe ndoshta Key West, Florida, 90 milje në veri të Havanës, raportoi Axios të dielën, duke cituar inteligjencë të klasifikuar, raporton […]

Swedish Candy Culture is bringing 200 varieties of imported pick-and-mix candy to Fort Worth, and it’s not just for kids.

Російські війська здійснили масований удар по Україні через кілька днів після того, як президент РФ Володимир Путін заявив на пресконференції 9 травня, що, на його думку, війна «йде до завершення»

Ce dimanche 17 mai, le directeur général de l'OMS Tedros Adhanom Ghebreyesus a déclaré cette épidémie urgence de santé publique de portée internationale, soit le niveau d'alerte maximal du droit sanitaire mondial. Mais l'histoire ne commence pas à Goma, ni avec cette déclaration. Selon les premières informations, elle commence à Bunia, le 24 avril, avec un infirmier qui tombe malade.

မြစ်ခြေမြို့ အပါအဝင် ရွာပေါင်း သုံးဆယ်ဝန်းကျင်က ဒေသခံ နှစ်သောင်းနီးပါး ထွက်ပြေးနေရ

17 მაისს ღაზის სექტორში ისრაელის მიერ განხორციელებული იერიშების შედეგად, სულ ცოტა, ოთხი პალესტინელი დაიღუპა, განაცხადეს ჯანდაცვის უწყების წარმომადგენლებმა. მათი თქმით, ისრაელის თავდასხმის შედეგად ერთი პალესტინელი დაიღუპა ღაზის სექტორის სამხრეთ ნაწილში, ხან-იუნისში, პოლიციის პოსტთან ახლოს. ისრაელის სამხედროების თქმით, მოკლეს მებრძოლი, რომელიც ღაზის სამხრეთით მდებარე ტერიტორიაზე მოქმედი ძალებისთვის უშუალო საფრთხეს წარმოადგენდა. ამის გარდა, ღაზის სექტორის მედიკოსებმა განაცხადეს, რომ...