Key data releases this week include: existing home sales (Wed), new home sales (Thu), and durable goods orders (Fri).
Haver
March 15, 2017
At last week’s meeting of the Federal Open Market Committee, the targeted federal-funds rate was increased to a range of 0.75% to 1.00%, from 0.50% to 0.75%. It remained the highest target range since the end of 2008, and followed two earlier increases from a 2015 low of 0.12%.
Haver
March 14, 2017
The National Federation of Independent Business reported that its Small Business Optimism Index of 105.3 during February was down just slightly from January, but remained up 13.3% versus February 2016. It remained near the strongest level of optimism since December 2004.
Bloomberg
March 17, 2017
The three months through January had the fewest homes on the market on record, according to an analysis by Trulia. Prices jumped 6.9 percent in January from a year earlier, the biggest increase for any month since May 2014, data from CoreLogic Inc. show. And homes sold faster in the first two months of 2017 -- spending an average 58 days on the market -- than at the start of any year since at least 2010, according to brokerage Redfin.
Bloomberg
March 20, 2017
The U.K. will officially begin divorce proceedings with the European Union on March 29, Prime Minister Theresa May’s spokesman said, ending months of media speculation over the precise date.
RTT News
March 16, 2017
Financial Times
Thursday, March 16, 2017
The Bank of England's Monetary Policy Committee voted to hold interest rates steady, with only departing committee member Kristin Forbes voting for an increase. Sterling rose on a general concern for rising inflation noted at the meeting.
Nikkei Asian Review
March 16, 2017
Despite signs that inflation is picking up, members of the Bank of Japan's policy board voted 7-2 to keep the interest rate on some reserves held by the bank at a negative 0.1% and to hold long-term interest rates close to zero. The board also decided to continue purchasing about 80 trillion yen worth of Japanese government bonds each year to hold down long-term interest rates.
Deutsche Welle /Deutsche Presse-Agentur/Reuters
March 17, 2017
Germany will take action against the US in the World Trade Organization if the US imposes a border tax on imports, said German economy minister Brigitte Zypries. She said she is "betting partly on reason and partly on the courts" to prevent a destructive trade war from breaking out.
Bloomberg
March 14, 2017
The debt ceiling was suspended in October 2015, but will be restored on March 16. At this point, the Treasury Department has a variety of “extraordinary measures” it can take to avoid going into default. The administration has yet to offer a new estimate on when it will need new borrowing authority, but the Congressional Budget Office says Treasury’s measures could extend the deadline into the fall, and private estimates suggest September or October.
Pensions & Investments
March 17, 2017
Hedge funds closed in 2016 at the fastest rate since 2008, according to data from Hedge Fund Research. Fund liquidations totaled 1,057 last year, the most since 2008, when 1,471 hedge funds closed.

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