FOMC MINUTES: ‘SOON’ TO SEE ANOTHER RATE HIKE
WASHINGTON (MaceNews) – The minutes of the most recent Federal Open Market Committee meeting published Wednesday showed participants assumed it would be time for another rate hike “soon,” reinforcing the expectation in place for months that it would come at the FOMC session next month. In addition, “many” participants opined that it may “fairly soon” […]
US HOUSING MKT FLAWS DEEPEN; JULY EXISTING HM SALES -0.7%
By Denny Gulino WASHINGTON (MaceNews) – U.S home resales overall dropped for the fourth month in July though high-end sales were booming just as they are for high-end new homes, as reflected in this week’s run-up for the shares of builders benefiting from higher house prices fueled by the strong demand they can’t meet. The […]