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About Keith Molyneaux

Posts by Keith Molyneaux…

Pending Home Sales See First Increase Since May

Pending home sales increased in December for the first time in more than six months, a sign that falling mortgage rates are bringing buyers back into the housing market. The National Association of Realtors (NAR) pending sales index, which tracks signed contracts to buy homes rather than closed sales, increased by 2.5% in December from […]

Q4 GDP Rose More than Expected, Despite Looming Recession Fears

The U.S. economy showed surprising resilience at the end of 2022, weathering rampant inflation, higher interest rates, and geopolitical uncertainty, even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, which represents the sum of all goods and services produced between October and December, rose at a […]

Investment Commentary – January 2023

The past year was the first time in more than a century that cash outperformed both stocks and bonds. Stocks posted their worst year since 2008, when the economy was in the midst of the Great Financial Crisis. Bonds fared even worse. By some measures, the last year was the worst period for the U.S. […]

Retail Sales Declined in December, As Consumers Struggle with Inflation

Retail spending declined in December at the fastest pace of 2022, ending the holiday shopping season on a sour note, as higher interest rates, persistent inflation, and concerns about an economic slowdown weighed on American consumers. Retail sales, which include purchases at stores, restaurants and online, declined a seasonally adjusted 1.1% in December from the […]

World Bank Slashes Economic Outlook, Warns of Global Recession

The World Bank has substantially cut its global growth forecasts for 2023, citing broadly worsening economic conditions since its previous projections made in mid-2022. The group’s latest Global Economics Prospect report saw large downgrades for most of the world’s advanced economies and cut its global growth forecast nearly in half. Current projections show the world […]