Written by The number of contracts to purchase previously owned houses unexpectedly fell in June, indicating demand kept unraveling after the expiration of a homebuyer tax credit. READ MORE »
Posts tagged economists
Treasury Two-Year Note Yield Near Record Low Before Fed’s Meeting Tomorrow
Treasury two-year note yields held at about the lowest on record amid speculation the Federal Reserve may consider additional stimulus to sustain the U.S. recovery. READ MORE »
Index of U.S. Leading Economic Indicators Rose 0.1% in July
The index of U.S. leading indicators rose in July for the second time in four months, extending a see-saw pattern that indicates slower growth through the end of the year. READ MORE »
Treasuries Rise, 10-Year Yield Drops to 19-Month Low on Signs of Slowdown
Treasuries gained, pushing the yield on the 10-year note to the lowest level in 19 months, as new home sales unexpectedly dropped in July to a record low and orders for durable goods rose less than economists forecast. READ MORE »
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment. READ MORE »