Items Tagged with 'Economy'


First quarter GDP revised higher to 0.8%

Based on more complete data
The year started out better than originally estimated, according to the "second" GDP estimate released by the Bureau of Economic Analysis. National Association of Federal Credit Unions Chief Economist Curt Long noted that this is another in a string of positive data releases which will provide plenty of ammunition for the Fed to raise rates no later than July.
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Employment on the rise, but labor market still shrinking

Will the government continue to raise interest rates this summer?
While the U.S. employment rate soared in February, the unemployment rate stayed the same at 4.9%. According to the Bureau of Labor Statistics’ February report, employment gains occurred in health care and social assistance, retail trade, food services and private educational services.
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From HW Magazine

Fed rate hikes: No need for consumers to worry

Borrowers should be looking at other factors, not interest rate hikes
Factors that affect the yield on 10-year Treasuries will over time be reflected in mortgage rates. Two of these are inflation and economic conditions. We have enjoyed a low inflation environment for a number of years but if we had a bout of higher inflation it would lead to higher rates as investors in bonds require additional compensation for a loss in buying power.
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Fannie Mae 3Q net income more than cut in half to $2B

Posts a $2.2B dividend obligation to Treasury
Fannie Mae recorded a third-quarter net income of $2 billion and comprehensive income of $2.2 billion, faring much better than Freddie Mac. However, unlike Freddie, Fannie reported a positive net worth of $4 billion, resulting in a dividend obligation to Treasury of $2.2 billion.
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MIT grad’s new housing theory upsets Piketty’s work

And economists think his points are valid
A recent MIT graduate’s new paper puts up one of the greatest critiques to Thomas Piketty’s book “Capital in the Twenty-First Century,” which is renowned as one of the most influential books in history. And one the paper’s main points that is gaining ground: Housing’s role in growing returns on capital.
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