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Private-sector employment slowed down in November, as employers added 190,000 jobs Automatic Data Processing Inc. reported Wednesday. Economists had expected an increase of 180,000 private jobs, compared with October estimate of a gain of 235,000.
READ MOREEconomists polled expected non-manufacturing economic activity to shrink slightly in November. The number hit 57.4 in November, vs. 59 estimate
READ MOREThe best way to avoid a possible inversion of the bond market yield curve would be for the Federal Reserve to be cautious about raising the policy rate during 2018, St. Louis Fed President James Bullard said Friday in a speech in Little Rock, Ark. The yield curve has gotten considerably flatter under Fed Chairwoman
READ MOREWashington, 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
READ MOREConsumer spending rose a steady 0.3% in October following a nearly 1% gain in the prior month that was the largest in eight years. Economists polled had forecast a 0.2% increase. Personal income rose 0.4% for the second month in a row. The savings rate, meanwhile, edged up to 3.2% from 3%. Savings had fallen
READ MOREPending-home sales jumped 3.5% in October, but remained 0.6% lower than a year ago, the National Association of Realtors said Wednesday. The pending-home sales index tracks real estate transactions in which a contract has been signed, but the deal has not yet been closed. Economists surveyed had forecast a 1% increase for the index in
READ MOREThe U.S. economy’s pace of growth in the third quarter was raised to 3.3% from 3% under the government’s latest revision to gross domestic product. How good is that? It’s the fastest spurt of U.S. growth in three years. More good news: Adjusted pretax corporate profits rose 4.3% to an annualized $2.22 trillion, marking the
READ MOREConsumer confidence surged yet again in November, with the index jumping to 129.5 from 125.9 in October, the Conference Board said Tuesday. That’s the highest reading since November 2000 and easily exceeded the 124.8 forecast of economists polled had forecast a reading of 124.8.
READ MOREThe S&P/Case-Shiller national index rose a seasonally adjusted 0.7% during the three-month period ending in September, and was up 6.2% compared to the same period a year ago. The 20-city index rose a seasonally adjusted 0.5% for the month and 6.2% for the year.
READ MORENew-home sales surged to a decade high in October, running at a 685,000 seasonally adjusted annual rate that was 6.2% higher than a downwardly-revised September pace.
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