Around the country, New Home Sales are up 2% from this time last year. Several Fed board members have been speaking out today about the dangers of inflation, noting that additional indicators also show a 2.0% rise and calling for three rate hikes this year. And still other board members are saying that the global economic climate is subdued and we shouldn’t expect more than two rate hikes. It’s like last night’s caucus all over again: let’s take 10 minutes to vote on whether the candidates for delegate should be allowed 30 seconds to speak or keep in to the mathematically-derived 20 seconds. It would have been amusing if it weren’t so aggravating.
