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U.S. Treasurys saw some cautious buying on Tuesday, pushing yields lower, a day after President Donald Trump signed legislation to temporarily end a multiday, partial shutdown of the government.
READ MOREThe federal government stopped operating at midnight Friday heading into Saturday, halting all but essential services, after the Senate came 10 votes short of reaching a temporary, last-minute funding deal that would have kept the government open through February 16. The shutdown comes on the anniversary of President Trump’s inauguration, and with the GOP in
READ MOREThe deadline arrived without a deal. The U.S. government shut down at midnight Friday after Congress failed to overcome a partisan divide over immigration and spending.
READ MOREPrivate-sector hiring was stronger than expected in December, according to payroll processor ADP. Employers added 250,000 jobs, more than the 188,000 jobs forecast by economists. November’s tally was revised down by 5,000, however. Almost all of the December gain was in the service-providing sector, which accounted for 222,000 of the jobs. Within services, the trade/transportation/utilities
READ MOREThe House gave final approval Wednesday to the Republican tax reform package, sending the legislation to President Trump’s desk. It is the biggest rewrite of the tax code since the Reagan administration.
READ MORETreasury prices fell, pushing yields higher, on Monday on mounting expectations that Congress will pass tax-cut legislation this week. The 10-year Treasury note yield rose to 2.371%, up from 2.353% on late Friday. The 2-year note yield edged higher to 1.848%, from 1.840%. The 30-year bond yield rose to 2.702%, versus 2.685%. Bond prices move
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
READ MOREAs the number of complaints continue to rise after credit reporting agency Equifax’s massive hack last week, the scale and scope of the breach is troubling cyber security experts who warn nearly every adult in the United States could have been affected.
READ MORELack of price pressure in the pipeline saw U.S. wholesale prices declined in July for the first time in almost a year, further evidence of soft inflation that is bedeviling the Federal Reserve. The producer price index fell 0.1 in July, the Labor Department said Thursday, the first drop since last August. The core rate, which
READ MOREThe U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an
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