January home sales jump 6.7% despite a record low supply
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.
Bank of America's relationships with U.S. households, small businesses and corporations give Moynihan a unique view into the health of the economy.
Retail sales for the month rose 3.8% in January, much better than the 2.1% Dow Jones estimate.
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.
A Republican boycott Tuesday held up a Senate committee vote on the appointment of a top banking regulator and Federal Reserve Chairman Jerome Powell.
More small business owners say they need to raise prices and don't expect inflation to decline, a signal that higher prices have overtaken Main Street.
St. Louis Fed President James Bullard made his case for a rapid move higher in rates, saying that the central bank needs to react to...