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Jobless claims edge up by 2,000 to 244,000

  • June 29, 2017
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  • realestatelife

The number of Americans applying for unemployment benefits rose slightly in late June but still remained extremely low, reflecting the strength of a U.S. labor market that shows no sign of wilting.

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U.S. trade deficit falls in May, advanced report shows

  • June 28, 2017
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  • realestatelife

An early look at U.S. trade patterns in May points to a small decline in the nation’s trade deficit. The advanced trade gap in goods — services are excluded — fell by 1.8% to $65.9 billion in May

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Pending-home sales stumble as low inventory chokes market

  • June 28, 2017
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  • realestatelife

Home purchase contract signings declined again in May, another sign of the headwinds working against momentum in the housing market. The pending home sales index from the National Association of Realtors slid 0.8%, marking the third-straight monthly decline. The index hit 108.5 in May and its April level was revised lower. It was lower compared

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Treasury yields rise after Draghi dismisses factors holding down inflation as ‘temporary’

  • June 27, 2017
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Treasury yields headed higher after European Central Bank President Mario Draghi hinted that the factors suppressing inflation would be short-lived, giving traders the impression the central bank intends to wind down its quantitative easing program by the end of the year.

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House-price gains cool but bubble questions stir: Case-Shiller

  • June 27, 2017
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  • realestatelife

The S&P/Case-Shiller 20-city index rose 5.7% in the three-month period ending in April compared to a year ago, down two ticks from the 5.9% annual gain notched in March. Economists had expected the 20-City index to increase 5.9% for the year.

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June Consumer Confidence stronger than expected

  • June 27, 2017
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  • realestatelife

June Consumer Confidence 118.9 vs. estimates of 116.7Consumer and business confidence, which spiked after the election, has remained near these high levels, though both readings have gotten less attention from markets of late as the story there hasn’t changed. Additionally, both these surges were seen as potential harbingers of increased consumer spending or business investment,

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Orders for durable goods backslide again

  • June 26, 2017
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Durable-goods orders slipped 1.1% last month following a similar drop in April and registered the biggest drop in six months, suggesting that an early-year surge has faded.

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U.S. jobless claims edge up 3,000 to 241,00

  • June 22, 2017
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Continuing Jobless Claims 1.944M vs. estimates of 1.928M. Fewer than 250,000 Americans applied for unemployment benefits in mid-June, underscoring the strength of a U.S. jobs market whose biggest problem is a growing shortage of qualified workers. The strong labor market is a reflection of a steadily growing economy that’s still quite sturdy after eight years

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Treasury yields slip as Fed’s Evans says rates may linger lower for longer

  • June 20, 2017
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U.S. Treasury yields traded slightly lower on Tuesday, as Boston Federal Reserve President Eric Rosengren said investors may need to get accustomed to a protracted period of low interest rates. In a speech in Amsterdam, Rosengren said lower rates may be a more permanent fixture, and that dynamic could pose financial stability risks that central

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Fed’s Rosengren says low interest rates do raise financial stability concerns

  • June 20, 2017
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Boston Fed President Eric Rosengren said Tuesday that low interest rates do pose financial stability concerns that central bankers and the private sector must take seriously. In a speech in Amsterdam to a conference co-sponsored by the central banks of Sweden and the Netherlands, Rosengren said lower rates may be a more permanent feature on

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