Tag Archives: Janet Yellen

Why Did Fed Raise Rates Again?

Popular Economics Weekly U.S. growth cycles have averaged about 8 years since WWII, yet the Federal Reserve just announced they were raising their overnight rate for the third time—to 1.25 percent. It also forecast that the unemployment rate could fall … Continue reading

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Retail Sales, Inflation, Interest Rates Rising

Financial FAQs Gasoline prices pulled down February’s retail sales, falling 0.6 percent after rising 2.1 percent in January. But when excluding volatile autos and gasoline prices, sales rose 0.2 percent vs January’s very strong 1.1 percent. And control group sales, … Continue reading

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Strong Jobs Report = Rising Interest Rates

Popular Economics Weekly Economists are almost unanimous that the Fed will raise their short term rates at next week’s FOMC meeting. This is because total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate fell slightly to … Continue reading

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Home Sales Reach 10-year High

Financial FAQs Existing-home sales ran at a seasonally adjusted annual pace of 5.69 million, the National Association of Realtors said Wednesday. That was 3.3 percent above an upwardly-revised 5.51 million in December and 3.8 percent higher than a year ago. … Continue reading

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Retail Sales and Consumer Prices Show Real Life

Financial FAQs Retail sales rose 0.4 percent last month following a much bigger gain in December than originally reported, the government said Wednesday. Economists polled had forecast a 0.2 percent increase. Retail sales are now up more than 5 percent … Continue reading

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Janet Yellen and The Fed’s Rate Hike(s)

The Mortgage Corner The Federal Reserve on Wednesday raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017, when incoming president Donald Trump plans a so-called ‘full-throttle’ strategy to … Continue reading

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Record Retail Sales, Higher Growth Ahead?

Financial FAQs It looks like Q4 GDP could be higher than the Third Quarter’s initial estimate of 2.9 percent growth. That’s because retail sales and wholesale inventories, both major contributors to growth, are surging. Retail sales jumped 0.8 percent in … Continue reading

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