economic growth

US average mortgage rates at 7-year highs; 30-year 4.61 pct.

WASHINGTON/ May 18, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from … Continue reading US average mortgage rates at 7-year highs; 30-year 4.61 pct.

2018 Growth Forecast Holds But 2019 Gets Modest Downgrade

WASHINGTON/ May 17, 2018 (STLRealEstate.News) — The forecast for 2018 full-year growth remains unchanged at 2.7 percent, according to the Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook. However, 2019 economic growth was downgraded to 2.3 percent due to the expectation of fading fiscal stimulus and a tightening labor market. … Continue reading 2018 Growth Forecast Holds But 2019 Gets Modest Downgrade

New Hampshire News: NH Governor Chris Sununu To Bring Late Item at Today’s Executive Council Meeting

Concord, NH – Yesterday, New Hampshire Governor Chris Sununu released the following statement after The Pew Charitable Trusts released their Fiscal 50: State Trends and Analysis, which analyzed the economic growth of each state in 2017, as well as since the recession: “Last year, the average personal income in New Hampshire grew 3.7% – the … Continue reading New Hampshire News: NH Governor Chris Sununu To Bring Late Item at Today’s Executive Council Meeting

European Central Bank: Trump tariff move “dangerous”

FRANKFURT, Germany/March 8, 2018 (AP)(STL.News) — Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures… is not going to be big.” But he … Continue reading European Central Bank: Trump tariff move “dangerous”

Markets trying to judge level of Powell’s optimism

WASHINGTON/March 01, 2018 (AP)(STL.News) — Federal Reserve Chairman Jerome Powell had a smooth public debut in his new job as head of the nation’s central bank. But investors want to know whether he is really as optimistic about economic prospects as he appeared to be. Powell’s optimism in testimony before a House committee on Tuesday … Continue reading Markets trying to judge level of Powell’s optimism

AP FACT CHECK: Trump off the mark on criticism of Schiff

WASHINGTON /February 26, 2018 (AP)(STL.News) — Judging from a recent tweet, President Donald Trump can’t be counted on to accurately reflect what he’s seeing on TV. His grasp of economic numbers is not always solid, either. On the weekend, Trump botched a remark he heard on Fox News when he tweeted about it. On Monday, … Continue reading AP FACT CHECK: Trump off the mark on criticism of Schiff