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January Existing Home Sales 5.69M vs. estimates of 5.54M. A nice beat, but not a factor in pricing today.
READ MORETreasurys gained ground Friday, leaving yields on track for a weekly decline after the Federal Reserve on Wednesday failed to signal a more aggressive approach to future rate moves. The yield on the 10-year Treasury note fell 1.8 basis points to 2.506%, according to Tradeweb, while the 2-year yield declined 0.7 basis point to 1.317%.
READ MOREThe next interest rate increase could be closer than it appears. That’s after documents released Wednesday show that Federal Reserve officials spent their meeting three weeks ago consumed with the changes brought on by a new administration in the White House — concluding with a strong indication that another hike could be just around the
READ MOREIf expected U.S. economic improvement persists, the Federal Reserve is likely to raise interest rates a total of three times in 2017, said Chicago Fed President Charles Evans, but that loose target could go up to four rate hikes this year should inflation creep higher than the 2%, or even just over 2%, that the
READ MOREInitial Weekly Jobless Claims 244K vs. estimates of 241K. Continuing Jobless Claims 2.060M vs. estimates of 2.051M. These are pretty good readings, but not a factor for interest rate pricing this morning.
READ MOREFebruary University of Michigan’s Consumer Sentiment Index was revised from 95.7 to 96.3, estimates were 96.0.
READ MOREBusiness investment got off to a poor start in 2017 aside from the aerospace industry, perhaps a sign businesses are awaiting new policies by the Trump administration before acting. January Durable Goods Orders 1.8% vs. estimates of 1.7%. Ex Transportation -0.2% vs. estimates of 0.5%.
READ MOREIt has happened — for the first time in more than three years, U.K. inflation has broken above the Bank of England’s 2% target, adding pressure on the central bank to raise interest rates to curb the rapid jump in consumer prices. At 2.3% for February, the consumer price index rose faster than the 2.1%
READ MOREJanuary Pending Home Sales -2.8% vs. estimates of 0.8%. Tighter inventory is dragging on contracts but not a factor in pricing today.
READ MOREInvestors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.
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