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...]

Last week’s economic reporting included readings on home price growth from S&P Case-Shiller and the Federal Housing Finance Administration. Monthly reports on job growth and unemployment were released by the federal government and ADP. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller HPI: Home Prices Drop in November S&P Case-Shiller Home Price Indices revealed that U.S. home prices fell for the fifth consecutive month in November. The … [Read more...]