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Economic News

Markets in a Minute | 2/13/2015

For the Week Ending February 13, 2015

January’s strong employment report also shows upward corrections for the end of 2014. Continued improvement could speed up Fed increases to policy rates.
January’s report showed a greater increase in wages, though still below target levels. Slow growth could offset positive factors to delay Fed increases instead.
Retail sales fell for the 2nd straight month. Gas prices are making consumers more optimistic, but the savings are not being diverted to other purchases.

A Fannie Mae survey shows that more consumers are now positive about personal finances, say they’d rather buy than rent, and hope to buy soon.
According to a Huff Post Home article, homes located near a Starbucks appreciate at a faster rate than other homes: 96% vs 65% since 1997.
January’s home asking prices climbed just a half percent over December’s number. It is the smallest increase since August 2014.

The couple had been experiencing financial difficulties, and worry often dampened their normally high spirits. But the gloom was lifted on Valentine’s Day. That day, the husband woke his wife with a beautiful breakfast tray, a single rose and a hand-drawn card with the inscription: “Happy Valentine’s Day, Darling! In lieu of a gift, contributions have been made in your name to the electric company, the phone company and three department stores.”

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.