Inflation fears cut two ways at the Fed

The Federal Reserve’s decisions to keep interest rates near zero and to flood the financial system with credit are sparking fears of an eventual outbreak of inflation. But inside the Fed, an influential band of policy makers is fretting over the opposite: that the already-low rate of inflation is slowing further. The presidents of the New York and San Francisco regional Fed banks, William Dudley and Janet Yellen, see the abating inflation rate as convincing evidence the economy still is burdened by excess capacity and needs to be sustained by the Fed.

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Dave Mele exits as Homes.com president 

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday.  During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player in the home search market. “We […]

3d rendering of a row of luxury townhouses along a street

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