The FOMC meeting already happened?

  • March 15, 2017
  • no comment
  • realestate

During Chair Yellen’s press conference, we’d expect there to be questions relating to any discussions the Fed has had about economic programs discussed by the Trump administration, notably the $1 trillion infrastructure package Donald Trump touted as recently at February 28. In the past, however, Fed officials have demurred at providing any color around the

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New-home sales roar to a 7-month high 592,000 annual rate in February

  • March 23, 2017
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  • realestate

Sales of newly-constructed homes powered to the highest pace in seven months in February as firm demand for housing outweighs lean supply and slightly higher mortgage rates. New home sales ran at a seasonally-adjusted annual rate of 592,000, the Commerce Department said Thursday. That was 6.1% higher than in January and 12.8% above last February’s

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Empire State index stays strong in March

  • March 15, 2017
  • no comment
  • realestate

A gauge of New York-area manufacturing remained close to two-year high levels in March, according to data released Wednesday. The Empire State manufacturing survey slipped to 16.4 in March, down only 2.3 points from a two-year high of 18.7 in February, the New York Fed said. Economists had expected a 15.4 reading according to a

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CPI shows smallest inflation gain since the summer

  • March 15, 2017
  • no comment
  • realestate

American consumers paid slightly more in February for good and services such as groceries and rent, reflecting upward pressure on inflation that’s intensified since last summer. The consumer price index, or cost of living, rose by a seasonally adjusted 0.1% last month, the government said Wednesday. It was the smallest increase since last July. Economists

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U.S. retail sales barely budge in February

  • March 15, 2017
  • no comment
  • realestate

Most U.S. retailers reported weak sales in February despite unseasonably warm weather, a likely offshoot of delayed tax refunds for millions of households. Sales at retailers nationwide rose a scant 0.1% in February, slowing sharply after big gains in the prior two months, the government reported Wednesday. The increase matched the estimate of economists polled

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Home builder sentiment roars to a 12-year high as regulations get rolled back

  • March 15, 2017
  • no comment
  • realestate

Sentiment among home builders roared to a 12-year high in March, propelled by industry approval of early steps from President Donald Trump. The National Association of Home Builders’ closely-watched confidence index surged 6 points to 71, the highest level since June 2005. The index jumped sharply to a fresh cycle high in the month after

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Orders for durable goods post second straight gain

  • March 24, 2017
  • no comment
  • realestate

New orders for durable goods, a telltale sign for the U.S. economy, climbed in February for the second straight month. Orders for durable goods advanced 1.7% while the increase in January was raised several notches to 2.3%, reflecting a pickup in manufacturing that kicked in toward the end of last year.

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Fed raises rates at March meeting

  • March 15, 2017
  • no comment
  • realestate

The Federal Open Market Committee concluded its two-day meeting Wednesday as the markets widely expected it would raise its benchmark interest rate a quarter point

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If Fed gets timid about hiking interest rates, it could create ‘tantrum’ in bond market

  • March 15, 2017
  • no comment
  • realestate

That’s the term given to investors who protest inflationary policies by selling bonds. This, in turn, pushes yields higher, and could create serious headwinds.

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Fed’s Kaplan: Wants ‘gradual’ rate hikes but doesn’t expect ‘pause’ in policy

  • March 24, 2017
  • no comment
  • realestate

Dallas Federal Reserve President Robert Kaplan wants a “gradual and patient” approach to raising interest rates this year but said that doesn’t necessarily include a “pause” in the Fed’s rate-tightening policy. With its rate hike last week, Fed members signaled rough forecasts for two more rate hikes this year. San Francisco Fed President John Williams

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