(Reuters) - CHICAGO, May 24 - Implied prospects for the
Federal Reserve to cut interest rates this year tumbled after
U.S. April new home sales came in much stronger than expected
to suggest the housing slump may be easing.
Sales of single-family homes rose 16.2 percent to an
annualized pace of 981,000 units, well above the consensus
forecast of 860,000, posting the biggest monthly rise since
April 1993.
Read more at Reuters.com Bonds News
Federal Reserve to cut interest rates this year tumbled after
U.S. April new home sales came in much stronger than expected
to suggest the housing slump may be easing.
Sales of single-family homes rose 16.2 percent to an
annualized pace of 981,000 units, well above the consensus
forecast of 860,000, posting the biggest monthly rise since
April 1993.
Read more at Reuters.com Bonds News
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