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Smart Economics: Mixed Picture for the Economy

Last week was very light on economic news with just two housing releases of note.  Existing home sales rose, but when compared to a year ago the sales rate is slower and inventory levels are higher.  At least part of the issue slowing sales is the fact that mortgage...

Smart Economics: Inflation is Rising!

The last couple weeks have had quite a few economic releases with both good and bad news.  Inflation is rising, finally, but is still under the Federal Reserve’s target.  Industrial production and capacity utilization decreased slightly in April, but the Trade...