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Consumer sentiment plummets after Comey testimony, University of Michigan says

  • June 16, 2017
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  • realestate

The UMich consumer sentiment gauge fell to 94.5 in early June from 97.1 in May. Economists surveyed by MarketWatch had expected a slight increase to 97.3. Instead, it is the lowest reading since November.

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Disappointing housing starts data for May

  • June 16, 2017
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  • realestate

May housing starts fell 5.5% to an annual rate of 1.09 million, the lowest in eight months, while economists surveyed had been expecting a 5.1% rise to 1.23 million.

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Treasury yields try to climb from 2017 lows

  • June 15, 2017
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  • realestate

U.S. Treasury yields rose slightly on Thursday, with the 10-year benchmark note attempting to coming off its lowest level in 2017 after the Federal Reserve delivered its fourth interest-rate hike in about 18 months and outlined plans to unwind its $4.5 trillion balance sheet.

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Prices of imported goods post steepest drop in 15 months

  • June 15, 2017
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  • realestate

The import price index fell by 0.3% last month. It’s the second decline in three months and the steepest drop since February 2016.

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Philly, Empire manufacturing gauges show strength in June

  • June 15, 2017
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  • realestate

The Philadelphia Fed manufacturing index in June retreated to a reading of 27.6 from 38.8 in May. Economists had expected a retreat because the May reading, next to February was the highest in more than 30 years.

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U.S. jobless claims fall 8,000 to 237,000

  • June 15, 2017
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The number of Americans applying for and receiving benefits after losing their jobs keeps going lower and lower. Initial jobless claims fell by 8,000 to 237,000 in the seven days stretching from June 4 to June 10.

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Inflation falls again in May as CPI recedes from recent high-water mark

  • June 14, 2017
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  • realestate

The cost of goods and services for American consumers fell in May for the second time in three months as inflation continued to recede from a recent high-water mark. The consumer price index, or cost of living, fell by a seasonally adjusted 0.1% last month, the government said Wednesday.. A big drop in gasoline prices

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U.S. retail sales in May are weakest in 16 months

  • June 14, 2017
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  • realestate

Sales at retailers nationwide sank 0.3% last month, the biggest drop since January 2016. The May sales report was generally weak across the board. Economists polled had forecast flat sales in May. The reversal last month unwound much of the strength in April when sales jumped 0.4%. April sales benefited from a late Easter holiday

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Fed boosts key interest rate to 1-1.25 percent

  • June 14, 2017
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  • realestate

At the conclusion of its two-day policy meeting, the Federal Open Market Committee moved its benchmark interest rate higher by 0.25 percentage point to between 1% and 1.25%, as had been widely expected on Wall Street.

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Fed raises rates by 0.25%

  • June 14, 2017
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  • realestate

The Fed still believe gradual rate hikes are warranted. We saw 12 out of 16 Fed members can see one more rate hikes this year. They did lower their inflation expectations and said they would begin to unwind their balance sheet in the 4th QTR. This is not a major shock to the system, but

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