Fed Raises Rates For Third Time In 2017

The FOMC increased the federal funds rate to 1.50% from 1.25%, no surprise with everyone expecting it.

The Fed is likely to increase interest rates again

The focus today in markets is the FOMC meeting that will conclude at 2:00 pm; It is widely expected there will be a 0.25% increase in the Federal Funds rate.

Core CPI slows in November

Inflation: As usual, the big spike in the Purchase Price Index did not flow through to the consumer side. Headline CPI YOY increased by 2.2% vs the 3.1% YOY gain in PPI.

Mike Dirnt sells Montecito home

The 1,186 square foot home has three bedrooms and two bathrooms.

Home Equity Continues to Climb

According to the newly released CoreLogic Q3 2017 Home Equity Analysis, homeowners with mortgages...