Europe Makes It Tougher For the Fed To Raise Rates

Europe is going to have zero interest rates for a lot longer, and that is going to make it harder for the United States to stop having them itself. On Thursday, the European Central Bank all-but-announced it’s about to start doing more to keep its nascent recovery from not being one at all. That could mean buying bonds with newly printed money not just until September 2016, like it has said, but well past it. Or it could mean buying...

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Employment Boom Boosts Home Sales

The resurgence of job growth in the United States is helping to power a rebound in the housing market, turning what was the hardest-hit industry during the recession into a highlight of the recovery. Home sales are at their highest level since 2006, according to industry data, and housing prices across major metro areas have increased 30 percent since bottoming out three years ago. Government numbers show that new residential...

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