Unemployment rising, but layoffs aren't, leaving room to cut rates
Other forms of borrowing decline, led by HELOCs
After six months of stability, claims rose in May
European Central Bank is waiting for signs that inflation is under control
Rosy earnings forecasts underpinning stocks face downward revisions
Regulators recalibrate for zero-rate environments
Funds shifted assets to fixed income, away from private equity
Powell declined to provide any hints of when the first rate cut would occur
Latest data fuels speculation of interest rate cuts by the Federal Reserve
Latest Royal LePage house price survey shows “tepid” market response to quarter-point cut