Despite an unchanged reading in U.S. pending home
sales in January, the consensus forecast is looking for a 1.0%
month-over-month decline in the National Association of Realtors’
February release on Tuesday. However, economists are far from unanimous
in their calls…
Speaking in an interview with Bloomberg, Boston Fed
President Eric Rosengren expressed surprise that the
U.S. housing market had not begun to show signs of
recovery as of yet.
When released Tuesday, the minutes from the FOMC’s March 18
meeting are likely to be scrutinized for indications of the
Fed’s economic outlook at the time of its last 75 basis point cut, as
well the degree of divergence amongst committee members, economists
say.
Surprising to the downside, seasonally adjusted U.S. consumer
debt rose $5.2 billion in February, according to data released
Monday from the U.S. Federal Reserve, which also showed total consumer
credit rose to $2,539.7 trillion.
OTTAWA, Ontario, April 03, 2008 — The Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) met yesterday with provincial and territorial ministers responsible for housing to discuss the way forward on housing issues.
“In February, I committed to meet with the provincial and territorial …
The focus this week will be on Tuesday when minutes from the
March 18 FOMC meeting, when the Fed cut interest rates
by 75 bps, are released.
Former U.S. Federal Reserve Chairman Alan Greenspan
told Spain’s El Pais newspaper on Sunday that chances of the U.S. economy
slipping into a recession were now above 50% but the world’s leading
economy had not yet entered one.
The Federal Reserve will hold its next $50 billion Term
Auction Facility auction of short-term liquidity Monday morning,
and announce the results Tuesday, the Fed announced Monday.
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