Federal Reserve Gov. Philip Jefferson on Monday said he does not support calls to raise the central bank’s 2% inflation target.
Economic Report: Pending home sales rise 8.1% in January, largest increase since June 2020
But mortgage rates are back up and applications for mortgages are down, hinting at weakness in the coming weeks for home sales.
: The best U.S. metro area for first-time home buyers is this Texas pandemic boomtown
A new report says the best city for a first-time buyer was in Texas
Washington Watch: Supreme Court to hear case that will decide the future of consumer financial protection
Constitutionality of the Consumer Financial Protection Bureau’s funding mechanism at issue in case that is “existential” for the agency
Metals Stocks: Gold prices end higher after falling to 2-month lows
Gold end higher Monday after the most-active contract finished off last week at its lowest price of the year.
: Durable-goods orders sink 4.5% — but it’s all Boeing. Overall, report signals that the economy is still growing.
Orders for manufactured goods sank 4.5% in January because of a pullback in airplane bookings, but business investment rose at the fastest pace in 5 months.
The Ratings Game: ‘Cord cutting’ hit record levels in 2022
Cable companies continue to bleed subscribers and just had what collectively could have been their worst year yet when it comes to cord-cutting.
FA Center: Year 3 of a U.S. president’s term is bullish for stocks, but 2023’s gain is probably over by now
The strong rally that typically occurs during third years is often concentrated in the first few months.
Outside the Box: ‘We remain in the soft-landing club’: Strategist Ed Yardeni’s bullish scenario puts S&P 500 up more than 20% by end of 2023
Fundamentals favor optimistic outlooks for the economy that are bullish for both stocks and bonds.
Need to Know: This is what Warren Buffett, a self-described ‘so-so investor,’ says is his ‘secret sauce’
It’s all about dividends and the long game for storied investor Warren Buffett who dished out a few bits of wisdom over the weekend.