Owning a home has long been a cornerstone of the American Dream, but is increasingly out of reach for many US workers. A report by the White House in April suggests the United States needs 10 million additional houses to meet demand. Meanwhile, the average price of new home sales has jumped over 30 percent in just five years, and rental prices in most major US cities have surged by around 40 percent.
Economic data releases are being scrutinised more closely than ever before.
The gig economy is rewriting the rules of employment and regulation is lagging.
Consumer confidence is fragile and that should worry policymakers.
The transition to electric vehicles is reshaping the entire automotive supply chain.
The shift toward remote work has permanently altered commercial real estate dynamics.
Corporate balance sheets are healthy but the outlook remains cautious. (4589b8)