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Fed minutes show that members think the economy can handle a
policy rate increase. Over 70% of economists now think the Fed will hike
rates in December.
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Markets have already started preparing for a Fed policy rate
increase in December, contributing to recent mortgage rate increases.
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Weakness in retail sales and producer prices make it unlikely
that inflation will rise significantly. Low inflation can help mitigate a
trend toward rising rates.
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World Cafe Live at the Queen6 PM to 11 PM
Time to enjoy the 17th Annual Fall Auction Gala thrown by Autism Delaware. Go back to the 80s with a fun dance party with live music and a silent auction. Ticket are $95, which covers the live music, cocktails, food plates, and live and silent auctions. Proceeds go to support Autism Delaware programs and statewide services.
There is complimentary garage parking in the Renaissance Center Garage of 5th Street, right next to the World Cafe Live. For more information about the event or Delaware Autism click here...
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Housing starts were down in October due to a decline in
apartment construction. Overall though, the trend in housing starts has been
steadily improving.
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Highlighting the housing market's strength, building permits
were up 4.1%. Permit activity portends more supply and healthy construction
spending.
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Homebuilders continue to remain upbeat about the market and
outlook for real estate. Strong demand and limited inventory make new homes
essential.
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