The Fed’s Surprise

October 31, 2025 What surprise?  The Fed did exactly what it was supposed to do, right?  It cut rates by 0.25%.  Everybody was on board with that decision except Stephen Miran who opted for a larger 0.5% cut.  All as expected.  With one exception.  Kansas City Fed...

Pending Home Sales

October 29, 2025 Pending home sales were unchanged in September at 74.8 after hving jumped 4.2% in August.  Pending home sales have been fairly steady for the past couple of years but should begin to climb in the months ahead. The National Association of Realtors...

Consumer Confidence

October 29, 2025 . The Conference Board reported that consumer confidence declined 1.0 point in October to 94.6 after having fallen 2.2 points in September..   Consumer confidence has fallen gradually for most of this year. Senior Economist at the Conference Board,...

Case Shiller Index of Home Prices

October 28, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.6% in August after  having fallen 0.3% in July.  Prices have risen 1.6% in the past year. The National Index which is a slightly broader measure of home price declined...