Americans filing for first time unemployment benefits rose marginally in the latest week as the labor market continues to work through its post-recession recovery. Over in housing news, rising mortgage rates and higher home prices kept the sales of existing homes slowed to the lowest rate since July of 2012. The regularly scheduled two-day Federal Open Market Committee meeting ended yesterday with a bang as the Fed hinted towards a rising interest rate environment in 2014.
Posted on: Thu, 20 Mar 2014 18:28:56 +0000