What to expect from the Fed today

  • November 1, 2017
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  • realestate

It’s Fed decision day. And if investors and analysts are judging correctly, the Federal Reserve will announce it is standing pat on interest rates and monetary policy at the conclusion of this week’s Federal Open Market Committee (FOMC) meeting. Even though the Fed isn’t expected to increase its benchmark interest rate — and won’t hold a

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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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Consumer confidence climbs to a nearly 17-year high in October

  • October 31, 2017
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  • realestate

The Conference Board said its consumer confidence index rose to 125.9 in October from an upwardly revised 120.6 in September. That’s the best reading since Dec. 2000.

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Chicago PMI jumps to six-and-a-half-year high in October

  • October 31, 2017
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  • realestate

The Chicago PMI jumped to 66.2 in October from 65.2 in the prior month, on a scale where any reading over 50 indicates improving conditions. This is the highest level in six-and-a-half years. Economists has expected a decline to 62.

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Consumer spending hits eight-year high in September – but gain inflated by hurricanes

  • October 30, 2017
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  • realestate

Consumer spending leaped 1% in September, the biggest gain since early mid-2009, just as the current economic recovery got underway. Economists polled had forecast a 0.1% increase due to hurricane-related spending. Personal income rose 0.4%. The savings rate fell to 3.1%, the lowest level since December 2007. The PCE index, the Federal Reserve’s preferred inflation

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Economy grows at 3% rate in third quarter, despite negative impact from hurricanes

  • October 27, 2017
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  • realestate

The U.S. grew at a solid 3% annual pace in third quarter despite damage from two hurricanes, according to Commerce Department data. That’s above economist’s expectations of a 2.7% growth rate, according to a MarketWatch survey, and only slightly below the 3.1% growth rate in the second quarter. The last time the economy had two

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U.S. trade deficit in goods widens in September, advanced report shows

  • October 26, 2017
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  • realestate

An early look at trade patterns in September showed a 1.3% widening in the U.S. goods deficit — to $64.1 billion from $63.3 billion. Also, the government’s advanced report on retail inventories found a 1% decrease in September. Wholesale inventories rose 0.3%.

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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
  • no comment
  • 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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