Archive for April, 2008
Industrial Production Overshadows Slumping Housing Starts
16 April 2008Rates increased today by about .25 to the points on stronger than expected Industrial Production report for March, despite the fact that March Housing Starts were weaker than expected and represented the lowest level in 17 years, a sure sign the housing sector has not hit bottom even yet. However Housing Starts is typically seen [...]
Fed Warns of Economic Downturn
8 April 2008The FOMC minutes were released this afternoon. Prices may increase in afternoon revisions to .375 lower on price. The Fed voiced that they were relatively convinced the economy will have contracted in the 1st Quarter of this year and were concerned about a sustained downturn in the economy. The noted that the housing sector shows [...]