U.S. home ownership has ticked up four-tenths of a percent since 2Q15 to 63.8 percent in 4Q15. The 63.4 percent two quarters ago was the lowest since 63.3 percent in 1Q67. Since the all-time high of 69.2 percent in 2Q04, … Continued
The S&P/Case-Shiller U.S. national home price index advanced 5.2 percent year-over-year in October. This was the fastest growth since July last year. However, annual price appreciation has been decelerating since peaking at 10.9 percent two years ago. The October 2013 … Continued
“Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for the federal funds rate sometime later this year and to continue boosting short-term rates at a gradual pace thereafter as the … Continued
The Federal Open Market Committee begins its two-day meeting today, the significance of which cannot be stressed enough. A lot is riding on this. After this meeting, there will be two more left this year – one late October and … Continued
Since last Wednesday, there has been a sudden pickup in QE talk. That was when Bill Dudley, president of the New York Fed, said that “the decision to begin the normalization process at the September FOMC meeting seems less compelling … Continued
For only 4th time in six-plus decades, U.S. GDP price deflator goes negative Macro data weaker than expected this week, but rates come under upward pressure Dollar plays crucial role in inflation outlook, breaks support, could be headed toward 92 … Continued
10-yr Treasury yield rises, diverging from loads of weaker-than-expected macro data recently There is no shortage of reason to argue for lower yield, even so sentiment can get extended Levels bond bulls will be drawn to if they believe rates … Continued