Fed to Update Inflation, Balance-Sheet Views: Decision-Day Guide – Fed Chair Janet Yellen and her colleagues have an opportunity this week to clarify the outlook. The Federal Open market committee. showed three officials projecting fewer than three hikes this year.
Chicago’s attempt to enforce vacant building ordinance thwarted LAWRENCE v. REGENT REALTY GROUP INC | FindLaw – · Narrowing the ordinance to situations where the landlord acted willfully would, in fact, run directly counter to the city council’s command that the ordinance “shall be liberally construed * * * to promote its purposes and policies.” Chicago Municipal Code § 5.
Europe Gives Up On Sound Money, Prepares To Join The. – 6 days ago · Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized in the socialist 70s were being privatized. The European Central Bank -.
Bill would cut all funding to HUD House bill would give hud .4 billion more funding than Trump plan. In contrast to the severe cuts proposed by the Trump administration, affordable housing programs would get a tremendous boost of funding in Fiscal Year 2020 under the spending bill just released by the House Appropriations Committee.
The Grumpy Economist: Operating Procedures – · 2) If there is going to be a corridor, which rate should the Fed care about? The (justly) moribund federal funds rate? The overnight general collateral repo rate? Libor? One advantage of the abundant floor, is that the Fed can stay quiet about all this and let the market sort out just what kind of overnight lending it prefers.
Freddie Mac estimates home sales to fall another 23% in 3Q · New Mortgage Rules Offer Help for Struggling Homeowners. By Ilyce Glink. the underlying investors (in this case, Fannie Mae, Freddie Mac, New Home Sales Fall.
How To Prepare For A Recessionary Bear Market – In fact, official confirmation of a recession. A recession can be triggered by a stock market decline, and this has the Fed worried, hence its abrupt end to tightening. The incumbent Trump.
European Open Preview – Cautious Fed commentary weighs on. – Major movers: Dollar drops on "cautious" Fed commentary. The Fed’s newly appointed vice Chairman, Richard Clarida, struck a rather cautious tone on Friday, indicating there’s growing evidence global growth is slowing and that the Fed is drawing closer to "neutral".
Bond Yields, Bank Stocks Sink as Cautious Fed Worries. – "I don’t think the bond market is sending as much a recession signal as a message that the Fed should cut rates," said Katie Nixon, chief investment officer at Northern Trust Wealth Management. The evolution in the central bank’s approach signals "the Fed’s not going to kill this cycle," she said. –Sam Goldfarb contributed to this article.
The Latest: Fed sees no risk to dollar from cryptocurrencies – The Fed left its benchmark rate – which influences many consumer and business loans – in a range of 2.25% to 2.5%, where it’s been since December. While not changing rates, Fed officials say that uncertainties "have increased" and for that reason the central bank was prepared to "act as appropriate to sustain the expansion."
Federal Reserve Interest-Rate Decision-Live Analysis – The central bank held its benchmark interest rate steady, and a majority of officials signaled they might. Stocks had initially pared losses following the Fed decision, as investors were hopeful on.