From the monthly archives:
The Federal Open Market Committee just released its latest interest rate decision and statement. Rates were left unchanged, as expected, at a range of 0% to 0.25%. The Fed also held onto its language pledging to keep rates low for an “extended period.” One minor surprise: The Fed said it would reduce the size of [...]
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That was interesting. CNBC just carried a report from Steve Liesman , the gist of which was (in my humble opinion) “Go ahead … sell the dollar!” Specifically, Liesman said that unnamed policy officials told him the U.S. government view is that the dollar decline is no big deal. The decline is orderly, it just [...]
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There are a couple of interesting stories worth mentioning this morning. The first is from Bloomberg, which talks about the possibility of Congress pressuring the Federal Reserve to continue its housing and mortgage market support next year.
My take? The idea that the Fed will pull back proactively, or will stand up to political pressure, is [...]
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We just got pending home sales figures from the National Association of Realtors. Here’s what they looked like:
* Pending home sales surged 6.1% in September. That was much better than the unchanged reading that economists were expecting. It’s also the eighth consecutive monthly rise.
* On a year-over-year basis, the pending sales index jumped 21.1% to [...]
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