U.S. Economic News
November 25, 2019
U.S. Economic Indicators
The Chicago Fed National Activity Index declined from -0.45 in September to -0.71 in October. All four broad categories of indicators — employment, consumption, production, and sales, orders, & inventories — made negative contributions. Chicago Fed Report
U.S. News
The Wall Street Journal reports that large U.S. companies are moderating spending on equipment and other capital investment as an uncertain business environment prompts businesses to postpone or cancel new projects. The pullback in investment began in 2018 with the escalation of U.S.-China trade tensions and may continue well into next year as the general election adds new uncertainty. WSJ
According to the Wall Street Journal, roughly 21 million U.S. homes are set to hit the housing market by 2037 as baby boomers prepare to move out of homeownership. Most of the homes to be vacated by seniors are concentrated in the Southeast and Rust Belt (areas relatively less popular among younger homebuyers), adding to concerns that there will be insufficient demand from Gen Xers and millennials to absorb the flood of homes entering the market over the next two decades. WSJ