Home builder confidence rises
Builder confidence in the market for single-family homes rose three points in March to 51, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Builder confidence in the market for single-family homes rose three points in March to 51, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Recent experience, particularly with the Bank Term Funding Program, shows how to improve the functioning of the Fed’s discount window and strengthen financial stability.
Treasury yields climbed higher this week after higher-than-expected inflation data raised uncertainty over the timeline for Fed rate cuts.
Industrial production edged up 0.1% in February after declining 0.5% in January according to the Federal Reserve.
Preliminary results for March 2024 show consumer sentiment declined with a 0.4 index point decrease to 76.5, 14.5 points higher than a year ago.
Business inventories in January came in at $2.56 trillion, virtually unchanged from the month prior but up 0.4% from a year ago, the Commerce Department said.
The Producer Price Index increased 0.6% in February from the previous month, the Labor Department reported.
Retail and food service sales for February were $700.7 billion, up 0.6% from the previous month, the Commerce Department said in its advance estimate.
Nearly three in four first-time homebuyers are optimistic about the current housing market, according to a new survey by TD Bank.
The Small Business Optimism Index from the National Federation of Independent Business decreased in February to 89.4, marking the 26th consecutive month the index has remained below the 50-year average of 98, the association said.