Watt Testifies Before Senate Committee

At a hearing before the Senate Banking Committee today, FHFA Director Mel Watt highlighted the need for housing finance reform, noting that Congress must decide the future of Fannie Mae and Freddie Mac, including whether or not the enterprises should receive backing from the federal government.

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Producer Prices Increased 0.5% in April

Producer prices climbed 0.5% in April, seasonally adjusted, after falling 0.1% in March, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5% for the twelve months ended April 2017, which is the largest increase since the twelve months ended February 2012. The index for final demand goods also increased 0.5% in April. The growth was led by ...

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Small Business Optimism Remains Strong in April

The NFIB Small Business Optimism Index decreased 0.2 points in April to 104.5, maintaining the high level of post-election optimism. Five of the ten index components rose, while three declined. Reported job creation has improved, as 55% of businesses reported hiring or trying to hire. However, 48% reported few or no qualified applicants for the positions they were trying to ...

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