The unemployment rate reached 4.6% today!  Nevertheless, the Federal Reserve perceives current conditions as stable, allowing for a policy stance slightly above neutral since labor market deterioration has not yet occurred. Since late 2022, I have consistently argued that the Fed shifted its approac

Freddie Mac announced Tuesday that its board of directors has selected Kenny M. Smith as the company’s CEO. The move is effective Wednesday and Smith will also serve as a member of the board. Michael Hutchins, who assumed the interim CEO role in March 2025 following the departure of Diana Reid, will

Even as higher material costs, labor constraints, economic uncertainty, and spottier consumer spending trends weigh on current renovation and remodeling projects, home improvement contractors remain optimistic. The Q4 Contractor Activity Tracker, released by The Farnsworth Group and Home Improvement