Fed’s Kaplan Warns Central Bank Actions Are Driving Up Risk Taking

The Dallas Fed leader would like to find a way soon to pare back the expansion of the Fed’s balance sheet.

NAHB Housing Market Index 75 in Jan

Homebuilder optimism slips slightly to start 2020 but is still high. Low interest rates are making home-buying more affordable, despite the price premium for new construction. Builders are also starting to pivot more to entry-level homes, after a decade of building mostly move-up product. Prices are still rising for new and existing homes, so there may be some friction ahead if affordability worsens.

Fed’s Beige Book Reports Continued Modest Growth.

Tight labor markets, slow price increases and solid holiday season offset weakness in manufacturing, report says

Business Inventories -0.2% in Nov.

U.S. business inventories post biggest drop in 2 ½ years.

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aWV3X2h0bWxfaWQiOiJjc3BGb3JtU2hlbGxfMTFfMjcxMTgyIiwiY29ubmVjdF9oYXNoIjoiY2RiZDVkMDZkMmE4MjYzNDRjMzYzMmIzYjBlODBlZDMifQ==

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