ECB to reduce monthly bond purchases in 2018

  • October 26, 2017
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  • realestate

The European Central Bank on Thursday announced that it would extend its bond-buying program into 2018, but cut the pace of monthly purchases in half beginning in January in a long-awaited move. In an announcement following a meeting of the ECB’s Governing Council, the bank said it would continue the bond-buying program, which had been

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Yellen reportedly out of race to be Fed chief

  • October 26, 2017
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  • realestate

Janet Yellen is no longer in the race to serve a second term as chair of the Federal Reserve, Politico reported, citing a person who talks “regularly” with President Donald Trump. That would leave the race to Fed Gov. Jerome Powell and Stanford economist John Taylor. The same report quoted someone “close to the process”

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Business investment surges again in September, durable-goods report shows

  • October 25, 2017
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  • realestate

Durable-goods orders rose 2.2% in September, beating the forecast of a 0.7% gain. Excluding transportation orders increased 0.7%. Business investment advanced 1.3% for the third month in a row, based on a closely followed measure known as core capital goods orders. These orders have climbed 7.8% in the past year. Durable-goods shipments jumped 1% in

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10-year Treasury yield hits 7-month high as traders await Fed pick

  • October 25, 2017
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  • realestate

Treasurys continued to weaken Wednesday, pushing the yield on the benchmark 10-year note to its highest level since March, as investors await President Donald Trump’s pick to head the Federal Reserve once Chairwoman Janet Yellen’s term ends in February.

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Philly Fed manufacturing index lurches to a 5-month high in October

  • October 19, 2017
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  • realestate

Manufacturing activity in the mid-Atlantic heated up in October, the Philadelphia Fed said Thursday. Its gauge jumped 4.1 points to 27.9, the strongest reading since May. Any reading over zero signals improving conditions. Economists had forecast a reading of 20.2.

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Initial jobless claims slump to 44-year low

  • October 19, 2017
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  • realestate

The numbers: Initial jobless claims, a way to measure layoffs, sank by 22,000 to 222,000 in the week ended Oct. 14. That’s the lowest figure since March 1973 and well below the 244,000 MarketWatch forecast. The more stable monthly average of claims declined by 9,500 to 248,250, though it remains somewhat elevated because of the

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Housing starts tumble in September

  • October 18, 2017
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  • realestate

Housing starts ran at a 1.13 million seasonally adjusted annual rate, down 4.7% for the month, the Commerce Department said Wednesday. The consensus was for a 1.17 million pace. Starts were 6.1% higher compared to a year ago. Housing permits, which foreshadow future starts activity, also tumbled. They were down 4.5% for the month, and

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Home builder sentiment jumps to five-month high as industry refocuses on buyers

  • October 17, 2017
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  • realestate

The National Association of Home Builder’s monthly confidence gauge, released Tuesday, jumped four points to a reading of 68, the highest reading since May.

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U.S. import prices surge 0.7% in September

  • October 17, 2017
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  • realestate

The cost of imported goods jumped 0.7% in September in the biggest gain in more than a year, led by fuel prices and industrial supplies. Excluding fuel, import prices rose a smaller 0.3%. Over the past 12 months the import price index has risen 2.7%, up from 2.1% in the prior month, the government said

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Empire State index jumps to three-year high in October

  • October 16, 2017
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  • realestate

The New York Fed reported that its Empire State manufacturing index climbed to a three-year high of 30.2 in October from 24.4 in September, topping the Econoday-compiled consensus of 20. Any reading over zero indicates improving conditions.

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