A surging stock market powered U.S. household wealth to a record high of more than $154 trillion in the second quarter, aided by a rebound in property values, Federal Reserve data out on Friday showed.
The data showed households have fully recouped the wealth losses generated by a crushing bear market for stocks and weaker real estate values through much of last year as the Fed kicked off an aggressive campaign to rein inflation through large, rapid-fire interest rate increases. Real estate was the other large driver, with property values rising for first time since the second quarter of 2022, contributing $2.5 trillion to the increase in net worth.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
US futures fall with Fed's next move in focus: Stock market news todayStock futures pointed lower on Thursday amid building signs the US economy could be running hot.
Leggi di più »
Stocks tumble with Fed's next move in focus, Apple losses deepen: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Leggi di più »
Nasdaq sinks as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Leggi di più »
Nasdaq tumbles as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Leggi di più »
US futures slip as Fed officials hint at rate respite: Stock market news todayStock futures inched down on Friday, with those on the Nasdaq 100 pointing lower even as Apple's slump took a breather.
Leggi di più »
Stocks rise at the open as Fed officials hint at rate respite: Stock market news todayStocks stepped higher on Friday, with the Nasdaq gaining as Apple's shares recovered from a two-day slump.
Leggi di più »