Freddie Mac today reported a $354 million loss in the first quarter, following a $2.15 billion profit in the previous quarter. The drop in Freddie’s income was largely due to derivatives losses after increases in interest rates. The company will not have to draw from the Treasury to cover its loss.
NFIB: Small-business optimism fell by 1.6 points in April to 95.8
The NFIB Small Business Optimism Index declined by 1.6 points in April to 95.8, the second consecutive month below the 51-year average of 98.