U.S. Economic News
February 24, 2021
U.S. Economic Indicators
New home sales rose 4.3% in January to a seasonally adjusted annual pace of 923,000 and were up 19.3% above year-ago levels. The median sales price decreased to $346,400 and the inventory of new homes edged down to 4.0 months at the current sales rate. Census Bureau Report
U.S. News
Bloomberg reports that a “phase change” from a liquidity-driven market to one based on growth and earnings is likely to take place when optimism about inflation peaks, even before the Federal Reserve pulls back on relief efforts. The tightening in financial conditions would be signaled by higher real yields and a bottoming in real rates and credit spreads. Bloomberg