US builder confidence dips amid fears over rising interest rates

U.S. builder confidence in newly-built single-family homes dropped in January, following the 11-year high it reached last month. The National Association of Home Builders’ housing market index fell to 67 in January, down from 69 in December, the Wall Street Journal reported. A number above 50 suggests more builders consider conditions to be good than […]

Fed expects to raise interest rates more aggressively in 2017

The Federal Reserve on Wednesday raised interest rates for the first time in 2016 and also indicated it will raise short-term interest rates more aggressively in 2017 than initially planned. It now expects the federal funds rate, a short-term benchmark rate for overnight interbank loans, to rise to 1.4 percent next year, up from a […]