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Commerce Department

US home prices rose more than expected in March
World

US home prices rose more than expected in March

  • The S&P/Case Shiller composite index of 20 metropolitan areas gained 13.3% through the 12 months ended in March on a seasonally adjusted basis, the largest annual price increase since December 2013. A Reuters poll of economists had forecast a 12.3% increase.
  • On month-to-month basis, the 20-city composite index rose 1.6% from February. Economists polled by Reuters had been expecting a 1.2% increase.
Published 25 May, 2021 08:02pm
Yields fall as retail sales reflect weak economy
Markets

Yields fall as retail sales reflect weak economy

  • Retail sales dropped 0.7% last month, the Commerce Department said. Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • This morning's disappointing retail sales figures reinforced the idea that more stimulus will be needed.
Published 15 Jan, 2021 08:58pm