A gauge of future home sales just turned negative—despite 9 straight weeks of falling mortgage rates

Kyla Scanlon is a rising star among Gen Z commentators, using TikTok to break down complex economic concepts into digestible content. Her engaging style is not just entertaining but also educational, helping her audience navigate the often confusing world of finance and the global economy. This matters because as young people increasingly seek financial literacy, voices like Kyla's are crucial in making these topics accessible and relatable.

US equities have shown remarkable resilience over the past five months, achieving one of their best performances since the 1950s despite concerns about the economy and tariffs. As October approaches, investors are bracing for potential turbulence and the upcoming earnings season, which could influence market trends. This situation is significant as it reflects the ongoing uncertainty in the market and the challenges investors face.

The Federal Reserve has released its latest dot plot, providing insights into the future trajectory of interest rates and economic policy. This update is crucial as it reflects the Fed's outlook on inflation and growth, helping investors and policymakers gauge the central bank's direction. Understanding these projections can influence market behavior and economic planning.

Investing.com has released its latest picks for stocks to watch this week, highlighting potential opportunities for investors. This is significant as it provides insights into market trends and helps investors make informed decisions in a fluctuating economy.

The HIRE Act, aimed at boosting employment, may inadvertently harm the IT services sector by imposing new regulations that could increase operational costs for companies. This could lead to reduced hiring and investment in technology, ultimately stifling innovation and growth in a critical industry. Understanding the implications of such legislation is essential for stakeholders to navigate potential challenges.

The recent US government shutdown is seen as a modest setback for the economy, but it raises serious concerns about the credibility of lawmakers. This situation not only disrupts federal services but also undermines public trust in government efficiency. As Congress struggles to reach a consensus, the implications for economic stability and governance are significant, making it a critical issue for citizens and businesses alike.

Argentina's President has promised to address the country's economic challenges, but a new crisis has emerged, complicating these efforts. This situation is critical as it highlights the ongoing struggles of the Argentine economy, marked by high inflation and public discontent. The President's ability to implement effective solutions is now under scrutiny, making it a pivotal moment for the nation's future.

The return of champagne toasts in Singapore signifies a vibrant resurgence in the IPO market, reflecting the country's dynamic economy. As more companies prepare to go public, this trend not only boosts investor confidence but also highlights Singapore's position as a key player in Asia's financial landscape. It's an exciting time for investors and businesses alike, as the renewed activity in IPOs could lead to significant economic growth and opportunities.

A recent analysis suggests that the Federal Reserve's calculations, particularly those by economist Miran, might exaggerate the role of immigration in driving inflation. This finding is significant as it could influence monetary policy decisions and public perception regarding immigration's economic impact. Understanding the true relationship between immigration and inflation is crucial for shaping effective economic strategies.

Concerns are rising about the stability of the US dollar as PGIM executives warn that former President Trump could influence the Federal Reserve to adopt a more dovish monetary policy. This shift could lead to lower interest rates, potentially weakening the dollar and impacting global markets. It's crucial to monitor these developments, as they could have significant implications for investors and the overall economy.

Federal Reserve Governor Michelle Bowman has emphasized the need for decisive rate cuts to mitigate risks in the labor market. This statement is significant as it highlights the Fed's proactive approach to ensure economic stability and support job growth amidst ongoing uncertainties. By advocating for lower interest rates, Bowman aims to stimulate investment and consumer spending, which are crucial for a robust economy.

In August, US consumer spending showed solid growth, highlighting the resilience of the economy amidst various challenges. This uptick is significant as it suggests that consumers are confident and willing to spend, which is crucial for economic recovery and growth. Strong consumer spending can lead to increased business revenues and job creation, making it a key indicator of economic health.

Recent reports indicate that frozen meals from Trader Joe’s and Walmart may be linked to a listeria outbreak, raising concerns about food safety. This situation is significant as listeria can cause serious health issues, particularly for vulnerable populations. Consumers are urged to check their freezers and stay informed about any recalls to ensure their safety.

Walmart's CEO has expressed a commitment to maintaining the company's workforce size despite the ongoing changes brought by AI technology. With a workforce of 2.1 million, the retail giant aims to ensure that everyone can adapt and thrive in this evolving landscape. This decision highlights Walmart's focus on stability and support for its employees during a time of significant transformation in the retail sector.

The White House is considering a proposal that could significantly benefit Intel, potentially providing the tech giant with a substantial advantage in the competitive semiconductor market. This move is important as it highlights the government's support for domestic manufacturing and innovation, which could lead to job creation and economic growth.

The President of the UAE recently met with the CEO of OpenAI to explore potential collaborations in artificial intelligence. This meeting highlights the UAE's commitment to advancing technology and innovation, positioning the nation as a leader in the AI sector. Such partnerships could lead to groundbreaking developments that benefit various industries and enhance the UAE's global standing.

This past week saw a positive shift in the stock market, with Apple shares climbing, Electronic Arts experiencing a significant surge, and Intel making a notable comeback. These movements are important as they reflect investor confidence and can influence market trends moving forward.

Leo Gerard, a prominent figure in the labor movement and former president of the United Steelworkers union, has passed away at the age of 78. His leadership was instrumental in advocating for workers' rights and improving conditions in the steel industry. Gerard's legacy is significant as he championed the cause of laborers and fought for fair wages and benefits, making a lasting impact on the union landscape in North America. His death marks a profound loss for the labor community and highlights the ongoing challenges faced by workers today.