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Economic Commentary
Signs of a More Hawkish Fed and Labor Market Improvement Push Yields Higher
Earlier this week, the December ISM manufacturing survey indicated factory improvement despite a decline in the headline composite, which fell from...
2021 Q4 Economic Recap and Rate Outlook
The fourth quarter began amid a fast-retreating Delta variant case count and ended in the midst of sky-rocketing cases of Omicron, a highly...
Home Prices Likely to Remain Under Pressure in 2022
In 2020, total home sales in the U.S. reached a 14-year high, pushing the median sales price up +9% to its highest level on record. When 2021 began,...
Fed’s Claws Back Credibility with a More Hawkish Policy Shift
As expected, Fed policy-makers emerged from their two-day FOMC meeting this afternoon to announce a doubling of the taper pace they’d declared in...
Retail Sales Sag in November
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By Scott McIntyre
Headline retail sales rose by just +0.3% last month, well short of the +0.8% median forecast and...