Last week’s economic reporting included readings on sales of previously-owned homes, the minutes of the Federal Reserve’s most recent Federal Open Market Committee meeting, and weekly readings on average mortgage rates and jobless claims. Federal Reserve leaders raise key interest rate range The Federal Open Market Committee of the Federal Reserve raised the Fed’s key interest rate range by 25 basis points to 4.50 to 4.75 percent. Fed officials cautioned that failure to ease … [Read more...]

Last week’s economic reporting included coverage of Federal Reserve Chair Jerome Powell’s speech to the Economic Club of Washington and the University of Michigan’s data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published.   Federal Reserve: Chairman Jerome Powell Says the “Disinflationary Process” is Ongoing Fed Chair Jerome Powell said in remarks made to the Economic Club of Washington that the … [Read more...]