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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
As expected, the Senate Banking Committee overwhelmingly approved Jerome Powell Tuesday to lead the Federal Reserve. All the panel’s Republican and Democrat members voted for Powell except one single Democrat, and now, this bipartisan support all but seals Powell’s future as Federal Reserve Chair.
READ MOREThe increase in productivity of American firms and workers was unchanged at 3% in the third quarter under the government’s first do-over of its original report. Economists had expected productivity to be reset at 3.3%.
READ MOREPrivate-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 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 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
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