Last week's economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected.
Last week's economic news was quiet in the housing sector, but retail sales and employment-related reports provided indications of less consumer spending and reduced consumer confidence.
Last week's economic news was mixed. Construction spending grew, but fell below the expected level. CoreLogic reported that April home prices continued to rise, but did so at their slowest growth rate in more than a year. Employment reports for private sector and government jobs indicated fewer jobs, but the national unemployment rate was steady.
April's meeting of the Fed's Federal Open Market Committee was held along with the Board of Governors of the Federal Reserve System.
April's meeting of the Fed's Federal Open Market Committee was held along with the Board of Governors of the Federal Reserve System.
The FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30.
Last weekâs economic news supported recent reports that home sales were fewer and home prices increased, but did so at a slower pace.
While little housing-related news was released, last week's economic news showed signs of a brighter economic picture.
Last weekâs economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February.
Last week's economic news was dominated by the first address by the new Fed chairperson, Janet Yellen. Tuesday's news included the Jobs Openings report for December 2013, which matched November's reading of 4.0 million jobs available.
According to a statement provided by the Federal Open Market Committee of the Federal Reserve, the committee has approved another reduction of the Fed's monthly asset purchases.
Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve's FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly.