U.S. Highlights New home sales fell in February, but remain fairly flat over the past three months. New home prices, meanwhile, continued to head lower last month, and are now down 13% from their 2022 peak. U.S. GDP growth in the fourth quarter of 2023 was revised up from 3.2% (annualized) previously, to an even […]
The Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 4.25% to 4.50% range and announced it would continue its balance sheet runoff. The Fed justified its decision to hold rates steady by highlighting that the economy “continued to expand at a solid pace”, while inflation still remains “somewhat elevated”. On […]
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