• January 18, 2018
• no comment
• realestatelife

An extended bout of low prices and tepid wage growth are showing signs of ending and that has government-bond investors bracing for a new inflation regime. Rising inflation is anathema to bonds because it can erode the security’s fixed value, which is a notable headwind for longer-dated government paper. Contributing to the anticipation of higher

• January 17, 2018
• no comment
• realestatelife

Industrial production rose 0.9% in December for the fourth straight monthly increase, the Federal Reserve reported Tuesday. The gain was above Wall Street expectations of a 0.6% increase. For the fourth quarter, production jumped at an 8.2% annual rate, after a 1.3% drop in the prior quarter caused by hurricane damage. For the calander year,

• January 17, 2018
• no comment
• realestatelife

The Federal Reserve said the pace of growth continues to be “modest to moderate” in its latest snapshot of the economy known as the Beige Book. The report covers late November to Jan. 8. Most districts reported “on-going labor market tightness and challenges finding qualified workers across skills and sectors,” the report said. The lack

• January 16, 2018
• no comment
• realestatelife

The Empire State manufacturing survey slipped to 17.7 in January from a revised 19.6 in December, the New York Fed said. Economists had expected activity to inch up to 18.6, according to a surveys.

• January 15, 2018
• no comment
• realestatelife

Tax cuts, rising inflation, a weaker US dollar, strong economic growth…these are all reasons for the markets’ strong rally right now. While you’d have to think nearly all of these positives are priced in, the market just keeps marching higher. Prices have recently gone vertical. That’s not sustainable. I’d therefore expect a decent correction to

• January 14, 2018
• no comment
• realestatelife

Solid inflation data on Friday sparked anxiety that the bounce in consumer prices would strengthen the Federal Reserve’s resolve to tighten monetary policy at a more aggressive pace. Those fears sent prices for short-dated debt tumbling and yields higher. The 2-year note yield rose 4.2 basis points to 2.014%, its highest level since September 2008

• January 12, 2018
• no comment
• realestatelife

The unemployment rate in the U.S. is on its way to below 4 percent, a level that Dallas Fed President Robert Kaplan believes is an “overshoot” of full employment and a potential danger sign for the economy. Consequently, he thinks the central ought to keep raising rates, at least three times this year, as a

• January 12, 2018
• no comment
• realestatelife

The consumer price index rose 0.1% in December, with four-fifths of the increase tied to the highest cost of housing. The increase matched the forecast. If gas and food are stripped out, the so-called core rate of inflation rose a much sharper 0.3%, a notch above the forecast and the highest reading in almost a

• January 12, 2018
• no comment
• realestatelife

Sales at U.S. retailers rose 0.4% in December to mark the fourth straight gain. The increase was a notch below the forecast of 0.5%, but sales for November and October were both revised higher. Excluding autos and gasoline, retail sales also rose 0.4% last month. The consumer price index, meanwhile, rose 0.1% in December, with

• January 11, 2018
• no comment
• realestatelife

U.S. wholesale prices rose in 2017 at the fastest pace in six years, a buildup in inflation that could push the Federal Reserve to raise interest rates more aggressively unless it lets up. The producer price index increased 2.6% last year, even after a small decline in December. The PPI dipped 0.1% last month. The