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Existing-Home Sales Dipped 6.4 Percent in December

Existing-home sales dropped 6.4 percent in December following two consecutive months of increases, to a seasonally adjusted annual rate of 4.99 million, according to the National Association of Realtors (NAR). This followed a 1.9 percent increase in November. Sales are 10.3 percent below the December 2017 level of 5.56 million. Lawrence Yun, NAR’s chief economist, says current housing numbers are ...

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Keynote Speakers Announced for ABA Washington Summit

Donna Brazile, former chairman of the Democratic National Committee, and Republican strategist Alex Castellanos have been announced as keynote speakers for the American Bankers Association’s Washington Summit, to be held April 1-3 in Washington, D.C.

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Industrial Production Rose 0.3 percent in December

Industrial production increased 0.3 percent in December after rising 0.4 percent in November, according to the Federal Reserve. Capacity utilization was 78.7 percent in December a rate that is 1.1 points below its long-run average (1927-2017). Manufacturing output increased 1.1 percent, its largest gain since February 2018. Production of durable goods increased 2.7 percent, while non durable goods production decreased ...

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