FOMC once again holds rates steady
The FOMC voted to maintain the target range of the federal funds rate at 3.5%-3.75%. Fed Governor Stephen Miran voted...
Economy
Durable goods orders increased in March
New orders for manufactured durable goods increased $2.6 billion, or 0.8%, from the previous month to $318.9 billion in March,...
Housing starts increased in March
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1.502 million, according to the U.S. Department...
Consumer confidence rose in April
The Consumer Confidence Index was 92.8 in April, up from 92.2 the previous month, the Conference Board said.
Growth in home prices slowed in February
Home prices increased 0.7% in February compared to the same month a year ago, down from a 0.8% rise the...
Senate Banking Committee schedules Wednesday vote on Warsh nomination
The Senate Banking Committee is scheduled to vote on Wednesday to advance the nomination of Kevin Warsh to be Federal...
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.23% this week. The rate for a 15-year fixed-rate mortgage was 5.58%.
Warsh: Fed independence must be ‘earned’
Kevin Warsh appeared before senators at an often confrontational hearing on his nomination to be Federal Reserve chairman, where he...
ABA DataBank: Pending home sales index beats expectations
The March increase in pending home sales is reflective of increased inventory and pent up demand despite higher mortgage rates.
Retail sales rose 1.7% in March
Advance estimates of U.S. retail and food services sales for March were $752.1 billion, up 1.7% from the previous month,...
