Economy in Brief

The Chicago Federal Reserve reported that its National Activity Index (CFNAI) rebounded to 0.00 during September from -1.17 during August, revised from -0.87. The three-month moving average improved to -0.37 but still was nearly the [...]

There's been volatility in the recent readings for initial jobless insurance claims. The sharp decline in last week's figure to 369,000 from 392,000, revised from 388,000, left the four week moving average at a slightly reduced [...]

The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.6% during August following an unrevised 0.2% July increase. The rise lifted the y/y advance to 4.7%, its strongest since 2006. That followed four [...]

As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]

The Mortgage Bankers Association index of total mortgage applications fell 12.0% last week (+27.8% y/y), down for the third straight week. The decline was led by a 12.9% drop (+34.0% y/y) in applications to refinance an existing loan. [...]

The new home sales market reached a two year high last month. New home sales in September rose 5.7% to 389,000 (SAAR) from 368,000 during August, revised from 373,000. The gain beat Consensus expectations for 382,000 sales. The latest [...]

The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.6% during August following an unrevised 0.2% July increase. The rise lifted the y/y increase to 4.7%, was its strongest since 2006 and followed [...]

The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.6% during August following an unrevised 0.2% July increase. The rise lifted the y/y advance to 4.7%, its strongest since 2006. That followed four [...]