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Posts Tagged ‘ Yellen ’

Tuesday: Yellen, PPI

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Tuesday: Yellen, PPI

Tuesday:• At 6:00 AM ET, NFIB Small Business Optimism Index for January. • At 8:30 AM, The Producer Price Index for January from the BLS. The consensus is for 0.3% increase in PPI, and a 0.2% increase in core PPI. • At 10:00 AM, Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report...
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Yellen: The Economic Outlook and the Conduct of Monetary Policy

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Yellen: The Economic Outlook and the Conduct of Monetary Policy

From Fed Chair Janet Yellen: The Economic Outlook and the Conduct of Monetary Policy In my remarks today, I will review the considerable progress the economy has made toward the attainment of the two objectives that the Congress has assigned to the Federal Reserve–maximum employment and price stability. The upshot is that labor utilization...
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Wednesday: CPI, Industrial Production, Homebuilder Survey, Beige Book, Yellen Speech

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Wednesday: CPI, Industrial Production, Homebuilder Survey, Beige Book, Yellen Speech

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Near 2-Month Lows Mortgage rates moved lower today, generally recovering the losses seen last Friday. This brings many lenders back in line with the lowest levels since November 17th, although last Wednesday (Jan 11) was slightly better on average. There hasn’t been enough volatility...
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Yellen: “Strongest job market in nearly a decade”

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Yellen: “Strongest job market in nearly a decade”

From Fed Chair Janet Yellen: Commencement Remarks The short version of what I have to say is that while I expect workers will continue to face some challenges in the coming years, I believe, for two reasons, that the job prospects and career opportunities for new graduates at this time are very good. First,...
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Friday: Retail Sales, PPI, Yellen

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Friday: Retail Sales, PPI, Yellen

Friday:• At 8:30 AM ET, The Producer Price Index for September from the BLS. The consensus is for a 0.2% increase in prices, and a 0.1% increase in core PPI. • Also at 8:30 AM, Retail sales for September will be released.  The consensus is for 0.6% increase in retail sales in September. •...
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Yellen: Semiannual Monetary Policy Report to the Congress

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Yellen: Semiannual Monetary Policy Report to the Congress

Federal Reserve Chair Janet Yellen testimony “Semiannual Monetary Policy Report to the Congress” Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. (starts at 10 AM ET).  An excerpt on risks: The latest readings on the labor market and the weak pace of investment illustrate one downside risk–that domestic demand...
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Mortgage News Daily: “Mortgage Rates Drop After Yellen Speech”

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Mortgage News Daily: “Mortgage Rates Drop After Yellen Speech”

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, the ADP Employment Report for March. This report is for private payrolls only (no government). The consensus is for 203,000 payroll jobs added in March, down from 214,000 in February....
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Thursday: Unemployment Claims, Fed Chair Janet Yellen

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Thursday: Unemployment Claims, Fed Chair Janet Yellen

From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Further Into 1-Year Lows Mortgage rates barely budged today, but did manage to gain just a bit of ground. That means another 1-year low, technically, although many lenders are quoting the exact some conventional 30yr fixed rates as yesterday. The range is currently between...
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Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

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Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

From Fed Chair Janet Yellen: The Outlook for the Economy f the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy. To support taking this...
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Wednesday: Yellen, Industrial Production, PPI, Beige Book, Homebuilder Survey

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Wednesday: Yellen, Industrial Production, PPI, Beige Book, Homebuilder Survey

For enjoyment, some thoughts from Paul Krugman on Life Without Cars. I’ve been thinking about “IT-mediated car services” combined with self-driving cars. I agree with Krugman’s points, but what does this mean for real estate and housing? How about no home garages? (I dislike big ugly home garages at the front of homes –...
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