Wholesale prices unexpectedly fell in December, providing a positive signal for inflation, the Labor Department said on Friday. The producer price index fell 0.1% for the month and was up 1% at the end of 2023 from a year ago, the Labor Department said on Friday. Economists polled by Dow Jones had expected a monthly … Read more
Federal Reserve Governor Michelle Bowman delivers her first public remarks as a federal policymaker at the American Bankers Association conference in San Diego, California, on February 11, 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman, who has been one of the staunchest advocates of the central bank’s tight monetary policy, said on Monday … Read more
The sharp drop in mortgage interest rates in December could have kicked off this year’s spring housing market. Rates are about a full percentage point lower than in October, and consumers expect them to fall even more. Optimism about mortgage rates rose sharply in December, according to Fannie Mae’s monthly consumer survey. For the first … Read more