May 1st, 2026 11:55 AM by T. Fanning
Happy May Day! I hope your week’s been treating you well!
The U.S. economy grew steadily this week, but the job market was a bit uneven, and inflation worries popped back up because oil prices are rising from global tensions. The Federal Reserve kept interest rates the same, which caused mortgage rates to tick up again after a short dip. Some Fed officials warned that the oil shock tied to the conflict with Iran makes it too early to talk about cutting rates and, if things get worse, they might even have to raise them again.
Next week is a lot quieter than this past one, with fewer big economic updates or events to watch. It starts with the Factory Orders report on Monday—which shows how much businesses are ordering goods and can hint at how strong the economy is—and wraps up Friday with a couple reports, including the big monthly jobs report. Now that the Fed’s last meeting is over, officials can speak freely again, so expect a lot of comments about the economy and policy, plus more company earnings announcements throughout the week.
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