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    Economic Update – Week Ending September 13, 2014

    U.S. retail sales move higher; consumer spirits rise. U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about soft consumer spending, which had lagged other fairly upbeat economic data covering manufacturing, services and housing. Several […]

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    Economic Update – Week Ending August 22, 2014

    The annual Fed conference in Jackson Hole, Wyoming, took place this week. Federal Reserve Chairwoman, Yellen, said the Fed is in no hurry to raise interest rates even as the labor market is improving. Market participants are watching for hints as to when the Fed will reverse an easy-money stance that has fueled stocks’ rally to record levels. The timing […]

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    Economic Update – Week Ending August 16, 2014

    30-YEAR MORTGAGE RATES AT A 14-MONTH LOW. At 4.12%, Friday’s 30-year fixed rate mortgage is cheap. It’s less than half of the 30-year loan’s historical average, and the number of discount points required to get a 30-year loan are few fewer than it was even last decade. For the sixth time in 9 weeks, and the twentieth time this year, 30-year mortgage […]

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