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Noticias Financieras – UP2DATE News de Advise Financial
05/23/2025
In UP2DATE News you will find the main Financial and Economic News for the week ending May 23, 2025.
US Business Activity Rebounds in May Amid Easing Trade Tensions
US business activity improved in May, with the S&P Global composite index rising 1.5 points to 52.1. This growth in manufacturing and services is attributed to reduced trade anxiety, although price pressures increased, reaching levels not seen since August 2022.
Source: Bloomberg
US Economic Outlook Weak Despite Trade Truce; Recession Risk Dips to 35%
A Reuters poll shows the US economic outlook remains weak despite a temporary US-China trade truce. Over 55% of economists state that Trump's policies have harmed the economy. While Q1 saw a 0.3% contraction, Q2 is forecasted for 1.5% growth. Recession probability dropped to 35% from 45%.
Source: Reuters
US Existing Home Sales Decline 0.5% in April; Inventory Jumps 21% Year-Over-Year
Existing home sales fell 0.5% in April to a 4 million annualized rate, the slowest since 2009. Meanwhile, inventory surged 21% year-over-year to 1.45 million homes, the highest in five years, with a median price increase of just 1.8% to $414,000.
Source: CNBC
Mortgage Applications Plunge 5.1% as 30-Year Rate Rises to 6.92%
Mortgage applications dropped 5.1% last week as the average 30-year fixed rate rose to 6.92%, the highest since February. Both purchase and refinance applications fell by 5% week-over-week, though purchase applications remain 13% higher than a year ago.
l Association of Realtors reported a 6.1% increase in its March Pending Home Sales Index, driven by a drop in the 30-year fixed mortgage rate to 6.65%.
Source: CNBC
Fed's QT Pressures Repo Market; SRF to Become Crucial for Rate Control
The New York Fed reported that balance sheet runoff is pressuring the repo market, making the Standing Repo Facility (SRF) crucial for rate control. Bank balances increased to $3.24 trillion as of May 14th.
Source: Bloomberg
US Jobless Claims Steady, But Tariff Uncertainty Affects Hiring Outlook
Initial US jobless claims stayed steady at 229,000 last week, indicating low layoffs. However, uncertainty from tariffs is making jobs harder to find. Small business job openings dropped to their lowest level since January 2021, and the average duration of unemployment increased to 10.4 weeks in April.
Source: Bloomberg
In UP2DATE News from Advise Financial you will find the main financial and financial news for all the weeks
Note: does not represent advice or offer of services, only for educational purposes.
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