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Atlanta Fed tracker forecasts paltry 0.2% growth for the first quarter

  • April 27, 2017
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The Atlanta Fed’s tracker for first-quarter growth forecasts a mere 0.2% increase after the latest round of economic data. The 0.2% growth would be the worst showing in three years. The Atlanta Fed’s GDPNow tracker was previously pointing to 0.5% growth. The Commerce Department releases its first estimate of first-quarter GDP on Friday

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TAX CUT COMING?: Mnuchin says administration planning ‘biggest tax cut’ in US history

  • April 26, 2017
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Treasury Secretary Steve Mnuchin confirms Trump administration aims to lower the corporate tax rate to 15 percent, saying a forthcoming proposal will constitute the ‘biggest tax cut’ for Americans in history.

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Consumer confidence slips from 16-year high

  • April 25, 2017
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Consumer confidence in the U.S. dipped slightly in April, but Americans are still far more optimistic than they were before the 2016 election, a survey shows. The Conference Board said its consumer confidence index slipped to 120.3 last month from a 16-year-high of 124.9 in March. Americans were a bit less rosy about the current

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New-home sales roar to an 8-month high as spring selling season starts with a bang

  • April 25, 2017
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  • realestate

Sales of newly-constructed homes throttled to the highest in nearly a year in March as the housing recovery picked up steam. New-home sales ran at a seasonally-adjusted annual rate of 621,000, the Commerce Department said Tuesday. That was 5.8% higher than a downwardly-adjusted February sales pace, and 15.6% higher than a year ago.

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10-year Treasury yield back above 2.3% as investors shun havens

  • April 25, 2017
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  • realestate

Treasury prices retreated Tuesday, continuing to send yields higher, as investors continued to pile back into stocks and other assets perceived as risky at the expense of traditional havens like government bonds. The yield on the 10-year note climbed 5.6 basis points to 2.3330%, briefly approaching the two-week high of 2.315% before heading lower. The

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U.S. house prices show no sign of slowing

  • April 25, 2017
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  • realestate

U.S. house prices continued to show no signs of slowing, hitting their highest in nearly three years as demand remains hot, especially in the Pacific Northwest and Dallas. The S&P/Case-Shiller 20-city index rose 5.9% in the three-month period ending in February compared to the same period a year ago, an acceleration from its 5.7% yearly

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Fed’s Fischer says first quarter doldrums only temporary

  • April 24, 2017
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Weak growth in the U.S. economy in the first quarter will likely be temporary and interest-rate hikes should be able to proceed as planned, Federal Reserve Vice Chairman Stanley Fischer said Friday. “Our tendency is to think this [weakness in the first quarter] is a transitory change and that growth will be around forecasts in

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Philadelphia Fed factory gauge slides again from 33-year high, but remains elevated

  • April 20, 2017
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  • realestate

The manufacturing index from the Philadelphia Fed slid in April, but from high levels, suggesting slower growth in the factory sector after a post-election surge. The index fell to 22.0 from 32.8. It had hit a 33-year high of 43.3 in February and has receded every month since then. In a diffusion index, any reading

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U.S. economy shows only modest signs of inflation pressures: Fed

  • April 19, 2017
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  • realestate

The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers. There is still debate within the Fed about just how rapid and sustained the pickup in inflation will be given that it has struggled to reach

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British PM May calls for snap election on June 8

  • April 18, 2017
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  • realestate

British Prime Minister Theresa May says she is seeking an early election on June 8 to seek a strong mandate as she negotiates the country’s exit from the European Union.

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