United States: Sales of U.S. Previously Owned Homes Decline to a Six-Month Low “Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices deterred potential buyers. Contract closings decreased 7.2% in February from the prior month to an annualized

United States: Fed Ramps Up Inflation Fight in Economy Tough Enough to Cope “The Federal Reserve kicked off a campaign of interest rate hikes that’s set to be the most aggressive since the mid-2000s, as Chair Jerome Powell assured Americans that the fight against inflation won’t tip the U.S. economy into recession. After raising rates

United States: Fed to Hike and Steepen Its Rate Policy Path: Decision-Day Guide “The Federal Reserve is poised to raise interest rates Wednesday for the first time since 2018, with investors focused on how aggressive central bankers plan to be in tackling the hottest inflation in four decades.” https://www.bloomberg.com/news/articles/2022-03-16/fed-to-hike-and-steepen-its-rate-policy-path-decision-day-guide?srnd=economics-vp Europe: Bank of England Plays Tough

United States: U.S. Producer Prices Rise 10%, Reinforcing Fed’s Rate-Hike Path “Prices paid to U.S. producers rose strongly in February on higher costs of goods, underscoring inflationary pressures that set the stage for a Federal Reserve rate hike this week. The producer price index for final demand increased 10% from February of last year and