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FOMC Maintains Expansionary Policy. No Surprises in Statement
No major surprises in the Federal Reserve’s policy announcement today. The FOMC said the pace of economic contraction is slowing and should gradually resume to sustainable levels. They gave no sign of tightening policy in the near future, vowing
Recovery Rally After Strong Durable Goods Report and Revised Housing Data
Ahead of the afternoon policy statement from the Federal Reserve, markets are recovering from losses over the past week, led by an unexpectedly positive report on durable goods. Roughly 90 minutes into the session, the Nasdaq is leading the way with a
New Home Sales Stagnate. April Revisions Mitigate May Decline
News was mixed for the real estate market this morning. Sales of new single-family homes fell 0.6% in May, in contrast to expectations of a 2.3% increase. By itself, that would be awful news, but revisions to April told the opposite story: the original
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By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...