As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six- year-old tool: the Fed’s quarterly forecasts.
A number of Federal Reserve officials said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist, according to minutes of their last meeting.
Home prices in 20 U.S. cities rose in the 12 months to November by the most in more than six years, showing the housing market will play a more central role in the U.S. economic expansion this year.
Federal Reserve Chairman Ben S. Bernanke has something to tout before Congress in hearings this week: job growth in the auto and housing industries.
Retail sales rebounded in November and applications for jobless benefits fell more than forecast last week, pointing to strength in U.S. consumer demand as the holiday-shopping season gets under way.
Manufacturing in the New York region expanded more than forecast in May as shipments surged and new orders improved.
Manufacturing in the New York region expanded in April at the slowest pace in five months, a sign the boost to the U.S. expansion from factories may be moderating.
"Lower mortgage rates would be a net positive for the U.S. housing market and the economic recovery more generally."
- Millan Mulraine on Dec 04, 2014
Mulraine Says U.S. Yields `Due for Consolidation
TD’s Mulraine Says Consumers Are `Far More Buoyant’
TD’s Mulraine Sees Semblance of Stability
Mulraine Says QE `Absolutely' Necessary