Housing improves as Obama economy makes way for Trump
January 23, 2017
The Commerce Department said housing starts were at a seasonally adjusted annual rate of 1.23 million in December.
The Commerce Department said housing starts were at a seasonally adjusted annual rate of 1.23 million in December.
Retail sales rose nearly as much as analysts expected in December, which would seem to suggest the economy is poised for a strong start to the new year.
The U.S. economy added 156,000 jobs in December and the nation’s jobless rate rose slightly to 4.7 percent.
After Donald Trump won the presidential election, the upbeat tone of consumer confidence surveys and the ebullience of stock market investors had economy watchers expecting a strong month of retail sales in November.
U.S. financial markets have little doubt that Federal Reserve policymakers will boost interest rates.
The Federal Reserve finally appears poised to deliver the interest-rate increase U.S. corporations and the financial markets have been waiting for all year.
The U.S. economy added 178,000 jobs in November and the nation’s unemployment rate fell to 4.6 percent.
The housing market seemed to be of two minds in October, but there was a report on the public’s post-election mood last week that ought to lift the business community’s spirits as the holiday season begins.
Reports last week on retail sales and housing starts in October showed both activities surging.
Before last week’s presidential election the thinking among economic experts was that the Federal Reserve would be more likely to raise interest rates sooner — quite possibly in December — if Democrat Hillary Clinton was elected.
The Commerce Department said housing starts were at a seasonally adjusted annual rate of 1.23 million in December.
Retail sales rose nearly as much as analysts expected in December, which would seem to suggest the economy is poised for a strong start to the new year.
The U.S. economy added 156,000 jobs in December and the nation’s jobless rate rose slightly to 4.7 percent.
After Donald Trump won the presidential election, the upbeat tone of consumer confidence surveys and the ebullience of stock market investors had economy watchers expecting a strong month of retail sales in November.
U.S. financial markets have little doubt that Federal Reserve policymakers will boost interest rates.
The Federal Reserve finally appears poised to deliver the interest-rate increase U.S. corporations and the financial markets have been waiting for all year.
The U.S. economy added 178,000 jobs in November and the nation’s unemployment rate fell to 4.6 percent.
The housing market seemed to be of two minds in October, but there was a report on the public’s post-election mood last week that ought to lift the business community’s spirits as the holiday season begins.
Reports last week on retail sales and housing starts in October showed both activities surging.
Before last week’s presidential election the thinking among economic experts was that the Federal Reserve would be more likely to raise interest rates sooner — quite possibly in December — if Democrat Hillary Clinton was elected.
