Euro spikes higher as ECB minutes suggest possible hawkish shift toward monetary policy

  • January 11, 2018
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The euro leapt against major rivals Thursday, following the release of minutes from the European Central Bank’s December meeting that showed the central bank could shift away from its ultra-loose monetary policy efforts this year. “The language pertaining to various dimensions of the monetary policy stance and forward guidance could be revisited early in the

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Treasurys come back to where they started as year comes to close

  • December 29, 2017
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Treasury yields were mixed on Friday in holiday-thinned trade as U.S. government paper looked to end at levels close to where they had started this year. The 10-year Treasury yield was mostly flat at 2.429%, from 2.432% on late Friday. The benchmark maturity began the year at 2.45%. The 2-year note yield ticked lower to

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Home-builder confidence roars to an 18-year high

  • December 18, 2017
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The National Association of Home Builders’ monthly sentiment index surged five points to 74 in December, its highest reading since 1999. Economists had forecast a flat reading at the 70 level. November’s reading was revised down a tick, while builder sentiment turned far more bullish than expected this month. In November, the subindex of current

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Treasury yields tick higher on building optimism for tax bill

  • December 18, 2017
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Treasury prices fell, pushing yields higher, on Monday on mounting expectations that Congress will pass tax-cut legislation this week. The 10-year Treasury note yield rose to 2.371%, up from 2.353% on late Friday. The 2-year note yield edged higher to 1.848%, from 1.840%. The 30-year bond yield rose to 2.702%, versus 2.685%. Bond prices move

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Senate Banking Committee approves Powell to lead Fed

  • December 7, 2017
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As expected, the Senate Banking Committee overwhelmingly approved Jerome Powell Tuesday to lead the Federal Reserve. All the panel’s Republican and Democrat members voted for Powell except one single Democrat, and now, this bipartisan support all but seals Powell’s future as Federal Reserve Chair.

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New Lending Limits Announced for 2018

  • December 1, 2017
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Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Fannie Mae and Freddie Mac

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Tax plan caps property deduction at $10,000, puts new limit on mortgage deduction

  • November 2, 2017
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A sweeping overhaul of the tax code would cap the deduction for property taxes at $10,000 and preserve the mortgage interest deduction only for existing mortgages and new purchases with loans of $500,000 or less, documents distributed to House members Thursday show.

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

  • October 17, 2017
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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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Inflation Is No Mystery to the Bond Market

  • September 28, 2017
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The Federal Reserve and other central banks have been on a quest since 2012 to get inflation back up to levels they deem appropriate for a stable, growing economy. There have been many setbacks along the way, leaving central bankers stumped, with Fed Chair Janet Yellen saying the slowdown in inflation has been a “mystery.”

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U.S. Jobless Claims Unexpectedly Fall to 259,000

  • September 21, 2017
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In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 16 decreased by 23,000 to a seasonally adjusted 259,000 from the previous week’s revised total of 282,000 (initially 284,000).

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