Italy's League, 5-Star clinch deal on coalition government: sources

ROME (Reuters) - Italy's League party and 5-Star Movement have agreed to form a coalition government in which the little-known economics professor Giovanni Tria will take over the pivotal economy ministry job, sources from the two parties said on Thursday....(read more)

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Hurricane Season Bears Down — With 7 Million Homes at Risk and a Flood Insurance Program Set to Expire

Millions of homes across the U.S. are threatened in the coming hurricane season, and the resulting damage could be in the trillions of dollars, according to a report out Thursday. The post Hurricane Season Bears Down - With 7 Million Homes at Risk and a Flood Insurance Program Set to Expire appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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U.S. hits allies with tariffs as trade war fears rise

WASHINGTON/PARIS (Reuters) - The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending months of uncertainty about potential exemptions and reigniting fears of a global trade war....(read more)

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Italy's 5-Star, League reportedly close to deal on ministers

Italy's anti-establishment 5-Star Movement and the far-right League are close to an agreement over a cabinet team....(read more)

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Brainard, Sustaining Full Employment and Inflation around Target

Speech At the Forecasters Club of New York, New York, New York...(read more)

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US trading partners fire back in escalating trade war

Major U.S. trading partners waste little time Thursday striking back against a White House move to slap steel and aluminum tariffs on Canada,, Mexico and the European Union....(read more)

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Young people choosing between paying for college and buying a home

Student debt is holding millennials back from being able to pay off their debt and also buy a place to live....(read more)

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How much home you get for $200,000 in 10 major US cities

It might be more than you expect....(read more)

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Mortgage Rates Ease Up

Mortgage Rates Ease Up...(read more)

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Forecasts: Refinance Lending, Purchase Lending, 30-Year Conventional Mortgage Rates and Home Sales — May 2018

We economists have a secret rule when making forecasts on interest rates:  give a rate or give a date, but never give both at the same time because you are going to be wrong.   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  … Read more...(read more)

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U.S. weekly jobless claims fall more than expected

(Reuters) - New applications for U.S. unemployment benefits fell more than expected last week, but claims for several states including California and Virginia were estimated....(read more)

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US consumer spending records biggest gain in five months

U.S. consumer spending increased more than expected in April, a further sign that economic growth was regaining momentum early in the second quarter....(read more)

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Morgan Stanley's Gorman Says Fed Wants Normal Rate Environment

Bloomberg Morgan Stanley's Gorman Says Fed Wants Normal Rate Environment Bloomberg Morgan Stanley Chief Executive Officer James Gorman talks about Federal Reserve policy, the U.S. economy, Treasury Yields and the dollar. He speaks on the sidelines of the Morgan Stanley China Summit in Beijing with Mackenzie on "Bloomberg ......(read more)

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Stocks, euro, Italian bonds make second day of gains

LONDON (Reuters) - World stocks, the euro and Italian bonds all made a second day of gains on Thursday, after renewed efforts from politicians in Rome to form a government and data from China pointed to its giant economy performing well....(read more)

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Foreign banks to benefit from U.S. bid to simplify 'Volcker Rule'

WASHINGTON (Reuters) - Foreign banks and funds are set to benefit from a move by U.S. regulators on Wednesday to simplify a trading rule that foreign banks and regulators say has inadvertently ensnared firms operating as far afield as Europe and Asia....(read more)

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US Treasury yields rise as fresh data, Fed remarks loom

U.S. government debt prices dropped into negative territory on Thursday, as investors turn their attention to the data and central banking spheres....(read more)

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Italy's Cottarelli opens door to possible eurosceptic government

ROME (Reuters) - Italy's two main anti-establishment parties could yet form a government, after the man nominated as interim prime minister said politicians, rather than technocrats like himself, might be able to steer the country out of deadlock....(read more)

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US factories shift into 'higher gear' despite trade worries, Fed says

U.S. factories ramped up production in late April and early May despite the risk of a global trade war, the Federal Reserve said in its "Beige Book" summary....(read more)

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The Latest Real-Estate Trend? Coloring Books for Grown-Ups

Real-estate buffs can try their hand at adult coloring books dedicated to architecture and cityscapes. Some agents and developers are using coloring books to help sell property. The post The Latest Real-Estate Trend? Coloring Books for Grown-Ups appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Italy's 5-Star Urges Savona to Withdraw Candidacy as Economy Minister

ROME - Italy's anti-establishment 5-Star Movement on Wednesday called for eurosceptic economist Paola Savona to withdraw his candidacy as economy minister to help the possible formation of a government...(read more)

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Bond fund managed by Bill Gross has worst day ever

Janus Henderson Investors Global Unconstrained Bond Fund plunged by nearly 3 percent on Tuesday....(read more)

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Hawaii Homes in Lava's Path Were Built Decades Ago Despite Geologic Threat

Lower Puna is one of the most affordable places to live in the Aloha State, but its subdivisions were built on an area known to be a hazard zone. The post Hawaii Homes in Lava's Path Were Built Decades Ago Despite Geologic Threat appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Italy renews attempts to form a government and end turmoil

ROME (Reuters) - Italy's political crisis moved into unchartered waters on Wednesday, as the head of state sought a last-minute political compromise to end the three-month search for a government and restore calm to financial markets....(read more)

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Commercial Real Estate Cycles Q1 2018 – Dr Glenn Mueller

Finally the report of the quarter for commercial real estate has arrived.  For me this is the most timely read quarterly regarding Commercial Real Estate — Dr. Glenn Mueller's Real Estate Cycles Q1 2018 report from Black Creek Group – Black Creek Research.  The report contains a critical mass of valuable data spanning major commercial … Read more...(read more)

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Q1 GDP Revised down to 2.2% Annual Rate

From the BEA: National Income and Product Accounts Gross Domestic Product: First Quarter 2018 (Second Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the first quarter of 2018 , according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.9 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.3 percent. With this second estimate for the ......(read more)

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Private-sector payrolls grew at a slower rate than expected in May

Private-sector payrolls grew at a slower rate than expected in May, and the number of new jobs was revised sharply lower for the previous month, ADP reported....(read more)

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This Financier Became a Fed Power Playerâ€"From the Inside and Outside

Bloomberg This Financier Became a Fed Power Player-From the Inside and Outside Bloomberg Glenn Hutchins helped select the New York Fed's chief, and also funds an influential monetary research center. By. Jeanna Smialek. @jeannasmialek More stories by Jeanna Smialek. and. Craig Torres. @ctorresreporter More stories by Craig Torres. May 30 ......(read more)

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Banks temper expectations for the first 'Volcker Rule' rewrite

U.S. regulators are set to rewrite rules reining in banks' risky trading behavior....(read more)

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Homeowners Who Remodel Will Spend an Estimated $7,893 Per Home in 2018

Homeowners Who Remodel Will Spend an Estimated $7,893 Per Home in 2018...(read more)

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Italy Bonds Pass Auction Test in a Sign of Easing Market Jitters

Bloomberg Italy Bonds Pass Auction Test in a Sign of Easing Market Jitters Bloomberg Italy successfully sold of five- and 10-year debt at an auction, helping reassure jittery markets following this week's meltdown in the nation's bonds amid a political crisis. Both auctions were oversubscribed by investors, buoyed by large reinvestment ... and more »...(read more)

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Hedge Funds Turned Bullish on Two-Year Treasuries Just in Time

Bloomberg Hedge Funds Turned Bullish on Two-Year Treasuries Just in Time Bloomberg Bearish speculators in short-maturity Treasuries proved prescient coming into this week, with U.S. notes surging as an escalating political crisis in Italy roiled financial markets. Hot-money accounts flipped to a bullish wager on two-year notes in the ......(read more)

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Dallas Fed: "Texas Manufacturing Expansion Accelerates Notably"

From the Dallas Fed: Texas Manufacturing Expansion Accelerates Notably Texas factory activity rose markedly in May , according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, increased 10 points to a 12-year high of 35.2, signaling further acceleration in output growth. Most other indexes of manufacturing activity also indicated a sharp acceleration in May. The capacity utilization index rose notably from 18.7 to 32.2, and the shipments index jumped 20 points to 39.5. Demand growth picked up as ......(read more)

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Otting comments on special purpose national bank charters

American Banker has reported that, in a press call last week regarding the OCC’s new risk report, “Semiannual Risk Perspective for Spring 2018,” Comptroller Otting stated that in July 2018, the OCC expects to announce its decision on whether it will issue special purpose national bank (SPNB) charters to nondepository fintech companies. Under Acting Comptroller... Continue Reading…...(read more)

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Consumer confidence matches estimates in May, remains at 'historically strong levels'

The Conference Board's measure of consumer confidence matched analysts expectations in May....(read more)

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El-Erian: Our emerging cashless society may lead to a government-issued cryptocurrency like bitcoin

"We are moving away from cash," economist Mohamed El-Erian says. "Go to Sweden and you'll see how fast."...(read more)

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U.S. May auto sales expected to dip 1 percent: J.D. Power and LMC

(Reuters) - U.S. automobile sales are expected to decline 1 percent year-over-year in May, industry consultants J.D. Power and LMC Automotive said on Tuesday....(read more)

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ECB board member Mersch warns Germany on interfering with the central bank's powers

ECB Board member Yves Mersch said the central bank needs new tools to supervise clearing houses....(read more)

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Italy banker warns on political crisis as investors fear for euro

Italy banker warns on political crisis as investors fear for euro ...(read more)

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Home Prices Aren't Soaring Everywhere: These Are the 10 Metros Where They're Falling the Most

While the vast majority of the housing markets in the country are watching prices surge, there are a few places where they're going down instead. The post Home Prices Aren’t Soaring Everywhere: These Are the 10 Metros Where They’re Falling the Most appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Now is the time to buy safe haven Treasurys, one market watcher argues

Gina Sanchez of Chantico Global discusses the bond market....(read more)

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US Treasury yields tumble ahead of economic data; geopolitics in focus

U.S. government debt prices posted sharp gains on Tuesday, as investors geared up for fresh economic data....(read more)

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Fed's Powell Leads Global Call for Central Bank Independence

Bloomberg Fed's Powell Leads Global Call for Central Bank Independence Bloomberg Global central bankers made a concerted call for their independence from politics to be safeguarded, arguing government interference in monetary policy risked propelling inflation. With Turkey engulfed by a currency crisis partly driven by political ... and more »...(read more)

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NAHB Releases Remodeling by Zip Code Estimates for 2018

With this post NAHB announces the release of its latest estimates of spending on improvements to owner-occupied homes at the zip code level.  The new estimates are for calendar year 2018 and include the number of owner-occupied homes, the number with improvement spending during the year, the average spending per improved home, total spending on improvements within the zip code, and the drivers of remodeling activity used to... Read More ›...(read more)

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Charts show the largest bond ETF is on track for its worst year in history, market watcher says

If pressure on Treasurys continues as expected, the largest bond ETF could surpass the drop seen in its worst year....(read more)

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Consumer sentiment hits 98 in May vs. 98.8 estimate

U.S. consumer sentiment was expected to hold steady in the final reading of May....(read more)

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Fed Chair Powell: "Financial Stability and Central Bank Transparency"

An excerpt from Fed Chair Jerome Powell's comments at "350 years of Central Banking: The Past, the Present and the Future," in Stockholm, Sweden: Financial Stability and Central Bank Transparency The post-crisis framework remains novel and unfamiliar. Some of these new policies, such as stress testing and resolution planning, are inherently complex and challenging for all involved. As a result, transparency and accountability around financial stability tools present particular challenges. We will continue to strive to find better ways to enhance transparency around our approach to preserving......(read more)

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Fed chief Powell: We're still assessing 'efficiency' of banking reforms

Banking regulation has gotten stricter and more transparent in the days since the financial crisis, though more adjustments are likely ahead, Federal Reserve Chairman Jerome Powell said Friday....(read more)

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US durable goods orders drop 1.7% in April, but core capital goods orders rose as shipments rebounded

New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded....(read more)

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Reforming Lending Reform: 3 Things Home Buyers Should Know About the New Law

A new law rolls back some of the lending restrictions enacted in response to the housing boom and bust. While it doesn't entirely do away with those financial reforms, it does have some significant implications for home buyers. The post Reforming Lending Reform: 3 Things Home Buyers Should Know About the New Law appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Higher gas prices could hurt already weakening home sales

As gas prices move higher, potential homebuyers already squeezed by higher mortgage rates and higher home prices, may reconsider....(read more)

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