NAM: Fed will likely keep short-term interest rates steady

The Wall Street Journal says the Federal Reserve is likely to keep short-term interest rates unchanged at next week’s policy meeting and probably won’t indicate when the next increase could occur.

Fed Chairman Janet Yellen is expected to deliver a message that will give the central bank flexibility to raise rates in April or June if the US economy is performing well but that will also allow for no action if data are more negative than expected or if new uncertainty emerges.

Lower-Priced Homes Selling Quickly, While Expensive Stock Remains On The Market. The Wall Street Journal(3/8, Light, Subscription Publication) reports on a divide in the housing market, with lower-priced homes selling quickly as more-expensive residences remain on the market. According to the National Association of Realtors, the number of homes for sale below $100,000 fell 8.6% nationwide in January from a year earlier, while sales of homes above $1 million rose 15%.