Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
(Back in the Fall on Sunday)
A renewed effort by Republicans to reform the Federal Reserve will kick off next week. House Republicans have been pressing to reform the Fed since taking control of the chamber in 2010 but have yet to succeed in the face of opposition from Democrats and the Obama White House. This time might be different now
READ MORENew orders for durable goods, a telltale sign for the U.S. economy, climbed in February for the second straight month. Orders for durable goods advanced 1.7% while the increase in January was raised several notches to 2.3%, reflecting a pickup in manufacturing that kicked in toward the end of last year.
READ MOREDallas Federal Reserve President Robert Kaplan wants a “gradual and patient” approach to raising interest rates this year but said that doesn’t necessarily include a “pause” in the Fed’s rate-tightening policy. With its rate hike last week, Fed members signaled rough forecasts for two more rate hikes this year. San Francisco Fed President John Williams
READ MOREU.S. stock futures traded in tight ranges on Thursday, as investors kept their eye on a speeches from Federal Reserve members including Chairwoman Janet Yellen, as well as an important vote on a health-care bill.
READ MOREU.S. interest rates futures rose to session highs on Wednesday as traders dialed back their view on the timing of the Federal Reserve’s next rate hike following its quarter-percentage point increase last week. Federal funds futures implied traders saw 49.6 percent the U.S. central bank would raise rates at its June 13-14 policy meeting, compared
READ MOREBank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim. Lobbyists say they are facing the reality that bank deregulation legislation will have to wait in line behind other bigger priorities such
READ MOREThe number of Americans who applied for unemployment benefits last week jumped by 15,000 to 258,000 and matched a two-month high, with fresh revisions showing layoffs a bit higher in 2017 than previously reported.
READ MORETreasury yields were falling on Thursday for the fifth straight session after government data showed an unexpected rise in first-time jobless claims. Investors are now turning their attention to a looming vote on the Republican bill to repeal and replace Obamacare in the House of Representatives. The latest tallies suggest it doesn’t have the support
READ MORESales of newly-constructed homes powered to the highest pace in seven months in February as firm demand for housing outweighs lean supply and slightly higher mortgage rates. New home sales ran at a seasonally-adjusted annual rate of 592,000, the Commerce Department said Thursday. That was 6.1% higher than in January and 12.8% above last February’s
READ MORESales in February were still 5.4% higher compared with a year ago, but the supply situation has worsened. Inventory was 6.4% lower than in February 2016. Meanwhile, the median home price rose 7.7% compared with a year ago to $228,400.
READ MORE