During the institute’s monthly press briefing May 3, Research Director Camelia Kuhnen discussed the morning’s employment report, which showed the slower growth in the labor market that the Federal Reserve has been looking for, and explored what creates the gap we now see in consumer sentiment numbers.
As governments try to keep up with broadening economies and address new areas, such as climate change, data protection and artificial intelligence, the regulatory pace is increasing globally. This expansion creates new costs and uncertainty for businesses.
With homebuying season here, many Americans are eyeing the housing market, looking for signs of improvement. Will unfavorable conditions abate and the number of affordable homes begin to rise?