February 2026

Waller questions January jobs surge, backs possible March cut

Key Insight: Fed Gov. Christopher Waller highlighted his skepticism on whether the labor market is showing signs of recovery, or whether the January jobs report was a one-off. Expert Quote: “If the good labor market news of January is revised away or evaporates in February, it would support my position at the FOMC’s last meeting, […]

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Weekly pending home sales back to year-over-year growth as we head into spring

Weekly pending home sales, which had shown year-over-year growth up until the late-January snowstorm, got back on track with year-over-year growth again last week. One thing to remember about our weekly pending sales data: it takes about 30-60 days to be reflected in the existing home sales data, so not only did the snowstorm delay

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