Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Federal Reserve keeps rates unchanged as expected Treasury yields moved up after the Fed decided to keep rates steady but indicated it still intends to hike them at least two more times this year. The yield on the 10-year note rose 0.7 basis point to 2.298% after the announcement, adding to a modest rise seen
READ MOREThe Federal Reserve on Wednesday voted 9-0 to leave its benchmark interest rate at 0.75% to 1%, but the FOMC also indicated it’s still on track for two more rate increases in 2017. The Fed said the sharp slowdown in first-quarter GDP resulting from a falloff in consumer spending is “likely to be transitory.” The
READ MOREThe rate of U.S. inflation slowed in March one month after hitting a five-year peak, reflecting lower prices for gasoline and other consumer goods such as new autos. The halt last month to the recent rise in inflation could ease pressure on the Federal Reserve to raise interest rates, though the central bank appears on
READ MORETreasury yields edged up, as prices fell, from a weeklong low as economic reports showed that consumer spending in the U.S. economy was slowing down and as inflation appeared muted.
READ MORESpending on construction dipped in March following an unusually strong pace of spending in February. Construction outlays were down 0.2%, the Commerce Department said Monday.
READ MOREInvestors face a fire hose of possible stock-market catalysts during another heavy week of earnings reports as the Federal Reserve holds its May policy meeting and a wealth of economic data is released, topped off by the April jobs report on Friday.
READ MOREThe government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months
READ MORELast month The University of Michigan’s Consumer Sentiment Index had a final reading of 96.9 for March, with consumers’ attitudes remaining “quite favorable,” data showed. However, the final reading came in below economists’ expectations, disappointing those who had been monitoring the numbers closely.
READ MORETreasury yields rose Friday as investors looked past a weak first-quarter U.S. growth to focus on a rise in the Federal Reserve’s favorite inflation measure, heightening expectations of a June rate increase.
READ MORENew orders for U.S. durable goods rose 0.7% in March to mark the third straight gain, though demand was inflated by new bookings for fighter planes and passenger aircraft.
READ MORE
