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February Consumer Confidence 114.8 vs. estimates of 110.9. Another very strong reading, generally a tad negative for interest rate pricing.
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 MOREThe Dow halted a 12-session streak of record closing highs as U.S. stocks capped the session lower. Investors are awaiting more clarity on policy promises from President Donald Trump who will deliver his first address to a joint session of Congress Tuesday night.
READ MORENew York Fed President William Dudley on Tuesday said that “animal spirits have been unleashed a bit” in the wake of the presidential election, pointing to the rise in the stock market. Bond yields spiked after Dudley’s comments were reported with the two year yield rising to 1.26%. The dollar also jumped. In addition odds
READ MOREIn a speech the Santa Cruz Chamber of Commerce, Williams said he was confident the economy would continue to grow at a healthy pace even as the central bank raises rates. “The aim is to keep the economic expansion on sound footing – not too hot, not too cold —that can be sustained for as
READ MOREFutures pointed to fresh highs for U.S. stocks Wednesday, as investors appeared to give President Donald Trump the benefit of the doubt over his economic plans. Stocks also seemed to get a lift from comments by Federal Reserve officials, which drove up expectations for an U.S. interest-rate increase within weeks.
READ MOREConstruction spending tumbled 1% in January, lead by declines in transportation, roads and educational buildings. The consensus forecast among economists surveyed by MarketWatch was for a 0.6% increase. December data, originally reported as a 0.2% decline, was revised up to a 0.1% gain, and November’s 0.9% increase was revised up to a solid 1.5% gain.
READ MOREThe higher cost of goods such as gasoline pushed U.S. inflation in January to the highest level since 2012, offsetting rising household incomes and raising the odds of an increase in interest rates soon. A government report that tracks consumer spending showed a modest increase of 0.2% last month, with incomes rising even faster at
READ MOREMarch 01, 20170 CommentsBloggies by 888LIFE980 U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The Commerce Department said on Wednesday that consumer spending, which accounts for more than two-thirds of U.S.
READ MOREThe spike in business optimism in the wake of the presidential election has cooled a bit, a report released Wednesday showed. The Federal Reserve’s so-called Beige Book, a collection of anecdotes about the economy gathered before the central bank makes interest-rate decisions, said “businesses were generally optimistic about the near term but to a somewhat
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