Real yields on treasury bonds have soared into near-positive territory on the back of Fed tightening. In the last month alone, five-year treasury yields increased nearly 1 percentage point. Fed Chairman Jerome Powell signaled on Thursday that a 50 basis point hike is likely in the May FOMC meeting.
Existing-home sales fell 2.7% in March to a seasonally adjusted annual rate of 5.77 million,…
Housing starts were at a seasonally adjusted annual rate of 1.793 million in March, according…
The National Association of Home Builders/Wells Fargo Housing Market Index decreased two points to 77…
Economic activity expanded at a moderate pace between February and mid-April, though outlooks for future growth remained uncertain, given current geopolitical and inflation conditions, according to the Federal Reserve’s Beige Book release of the year.
Chair of the Financial Stability Board sent a letter to G20 finance ministers and central bank governors addressing financial stability issues caused by the invasion of Ukraine.
Industrial production increased 0.9% in March after increasing 0.9% in February. Total industrial production in…
Consumer Sentiment was 65.7 in April, according to the University of Michigan Consumer Sentiment Index.…
There were $665.7 billion in retail and food service sales in March, an increase of…
President Biden on Friday announced that he will nominate Michael Barr to serve as the next vice chairman for supervision at the Federal Reserve