Financial News Network - Economic News

The Federal Reserve doesn't see risks to market stability, even as concern about bubbles grows

Some market pros see the frenzied short squeezes in Gamestop and other stocks as signs of a bubble brewing.

Read more: https://www.cnbc.com/2021/01/28/the-fed-doesnt-see-.html

Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing

The central bank kept its foot to the floor in terms of the help it is providing for an economy that central bank officials say has slowed down.

Read more: https://www.cnbc.com/2021/01/27/fed-decision-january-2021-rates-unchanged.html

Here’s what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on Dec. 16.

Read more: https://www.cnbc.com/2021/01/27/heres-what-changed-in-the-january-2021-fed-statement.html

Fed Chairman Powell will try to soothe markets, but that may not work

Fed chairman Jerome Powell will try to avoid sounding hawkish in any way when he talks about the Fed's commitment to its easing policies.

Read more: https://www.cnbc.com/2021/01/27/fed-chairman-powell-will-try-to-soothe-markets-but-that-may-not-work.html

Weekly mortgage demand falls, but size of average homebuyer loan hits record

Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week.

Read more: https://www.cnbc.com/2021/01/27/weekly-mortgage-demand-falls-but-average-homebuyer-loan-size-hits-high.html

Fed will need to reassure the market it's not thinking about dialing back its support

Markets figure that as long as the Fed keeps pumping, then it's safe to keep buying.

Read more: https://www.cnbc.com/2021/01/26/fed-will-need-to-reassure-the-market-its-not-thinking-about-dialing-back-its-support.html

Tilman Fertitta optimistic on U.S. economy post-Covid: 'This is going to be the Roaring Twenties'

"The consumer is coming back. I'm telling you, where we can do business, we are doing business," Tilman Fertitta told CNBC.

Read more: https://www.cnbc.com/2021/01/26/tilman-fertitta-sees-another-roaring-twenties-for-economy-post-covid.html

November home prices rose 9.5%, one of the highest gains on record, Case-Shiller says

Strong growth in home prices is showing no signs of abating, thanks to high buyer demand and a record low supply of homes for sale.

Read more: https://www.cnbc.com/2021/01/26/november-home-prices-rose-9point5percent-one-of-the-highest-gains-on-record-case-shiller-says.html

Spike in lumber and land prices causes homebuilder confidence to fall from epic high

The rising costs of getting homes built is making builders less optimistic.

Read more: https://www.cnbc.com/2021/01/20/spike-in-lumber-and-land-prices-causes-homebuilder-confidence-to-fall.html

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