The Conference Board's forward-looking U.S. Leading Economic Index (LEI) fell in December, thanks largely to weakness in new building permits and new orders that overwhelmed strength in interest rate spreads (the difference in yields between the 10-year Treasury bonds and federal funds). The LEI's...
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The rate of growth and innovation is slowing down, and the next generation will not enjoy the same increases in their standard of living as their parents and grandparents. That's the gloomy prediction of Robert J. Gordon, professor of economics at Northwestern University. In a series of papers...
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Rents will start to stabilize over the coming 12 months, slowing to annual growth rate of 1.1% by the end of 2016, according to the latest national Rent Index released by the online real estate database Zillow. Zillow predicts that national rents will average $1,396 in December 2016, compared to...
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Each year, millions of American taxpayers overpay by overlooking tax breaks that are available to them. Tax deductions lessen the amount of income taxes the taxpayer must pay to the U.S. Internal Revenue Service (IRS). Fortunately, there are 5 tax breaks that are available to all, regardless of how...
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In the U.S., individuals with annual income below the filing threshold of $10,300 do not owe any federal income tax for the year 2015 and hence are not obligated to file a tax return with the Internal Revenue Service. However, even if you didn't pay or owe any taxes in 2015, it still might make...
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This week mortgage rates have decreased noticeably compared to one week earlier, according to Freddie Mac, and mortgage applications from one week ago demonstrated an increase over the previous week. 30-year fixed-rate mortgages dropped considerably this week to 3.81% compared to 3.92% the...
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