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Market News

Market News

Real GDP 3.2% Annual Q1 – 2019

The Advance Estimate released by the BEA shows real GDP growing at annualized rate of 3.2 for the first quarter of 2019 (2019Q1) compared to 2.2% in the fourth quarter of 2018 (2018Q4). Personal consumption, inventory investment, fixed investment, exports,…
Ian Waldron
April 26, 2019
Market News

New Home Sales Rise 4.5% in March

New Home Sales rose to a seasonally adjusted rate of 692,000 in March. The New Residential Sales report released by the Census Bureau additionally shows median and average sales prices at 302,700 and 376,000 down modestly from 315,300 and 379,600…
Ian Waldron
April 23, 2019
Market News

Existing Home Sales Fall 4.9% for March

Existing Home Sales, released by the National Association of Realtors (NAR), fell to a seasonally adjusted annual rate of 5.21 million for March, down 4.9% and 5.4% month-over-month and year-over-year respectively. To reiterate our view on housing, we believe the…
Ian Waldron
April 22, 2019
Market News

FOMC Release & Press Conference

Rates Unchanged As unanimously predicted, the FOMC held rates at 2.25% - 2.5%. The specific language states that the FOMC will, "... be patient as it determines what future adjustments to the target rage for the federal funds rate may…
Ian Waldron
March 20, 2019
Market News

FOMC March 2019 Rate Announcement

Target Range Unchanged 2.25-2.5% Job gains are solid but the growth of economic activity has slowed since 2018Q4. Dot plot shows no rate increases in 2019 with strong consensus around 2.5%. The FOMC will remain 'patient' as it determines what…
Ian Waldron
March 20, 2019