• March 20, 2017
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• realestatelife

If 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

• February 23, 2017
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• realestatelife

Initial 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.

• February 24, 2017
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• realestatelife

February University of Michigan’s Consumer Sentiment Index was revised from 95.7 to 96.3, estimates were 96.0.

• February 27, 2017
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• realestatelife

Business 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%.

• March 21, 2017
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• realestatelife

It 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%

• February 27, 2017
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• realestatelife

January Pending Home Sales -2.8% vs. estimates of 0.8%. Tighter inventory is dragging on contracts but not a factor in pricing today.

• February 28, 2017
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• realestatelife

Investors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.

• March 21, 2017
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• realestatelife

It 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%

• February 28, 2017
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• realestatelife

4th QTR GDP was revised from 1.9% to 1.9%, the market was expecting 2.1%. A slight miss, but it matches the first release of this data. Generally, not a major market mover as this is old data and will be revised again.

• February 28, 2017
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• realestatelife

February Chicago PMI 57.4 vs. estimates of 53.0. Any reading above 50 is expansionary and this is a big beat…this is generally negative for interest rate pricing.