Pending home sales rose 2% in October from the prior month, marking the third consecutive month of gains, the National Association of Realtors said today. The pending home sales index—a forward-looking indicator based on contract signings—increased 2% to 77.4. Year over year, pending transactions grew 5.4%.
Former Fed chairs, economists stress need for independent central bank
The Federal Reserve’s independence and the public’s perception of that independence are critical for U.S. economic performance, a group of former Federal Reserve chairs and economists, including Ben Bernanke and Alan Greenspan, said in a joint statement.










