Yellen says U.S. housing slowing roughly as expected
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EMERYVILLE, California  - The U.S. housing market   is slowing roughly as the Federal Reserve has expected, San   Francisco Federal Reserve President Janet Yellen said on   Tuesday.
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The U.S. economy is on track for sustainable above-trend growth, and with monetary policy still accommodative, interest rates will keep rising,  San Francisco Federal Reserve Bank President Janet Yellen said on Friday.
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U.S. home sales will be a good deal   weaker this year than earlier thought as potential buyers   remain on the sidelines waiting for better deals, a national   real estate group said on Thursday.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions
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As U.S. home purchases slow, an expected rise in demand for rentals will result in a spike in inflation, analysts say, citing studies showing housing costs have been under-reported by the government.
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The U.S. economy is slowing to a  steady growth rate that provides a basis for dealing with  necessary changes to retirement and health care programs,  Treasury Secretary Henry Paulson said on Tuesday.
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WASHINGTON - Americans may be disappointed the Federal Reserve's interest rate cut won't translate into lower monthly mortgage payments and a revival of the housing market.
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U.S. economic activity should pick up for the rest of this year and into 2008 as the drag from a decline in the housing market dissipates, the International Monetary Fund said Friday.
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Housing activity has slowed from recent years but the dragdown should not lead to a recession, mortgage finance company Freddie Mac  said on Thursday in its monthly economic outlook.
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Federal Reserve Chairman Ben  Bernanke expressed confidence on Wednesday in the health of the  U.S. economy despite a housing slowdown, but warned of risks to  the current generally benign outlook for inflation.
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Federal Reserve Chairman Ben  Bernanke on Wednesday estimated that the decline in housing  construction could reduce gross domestic product growth later  this year by a percentage point.
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Housing data and a gauge of business  spending in June released on Thursday signaled slower U.S.  economic growth ahead, leading many to believe the Federal  Reserve is less likely to raise interest rates next month.
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Retailer Home Depot Inc.  expects  growth in its average purchase to slow as customers pressed by  higher interest rates take on fewer costly projects such as  kitchen renovations, the company's finance chief said on  Wednesday.
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A cooling housing market is likely to trigger a slowdown in the U.S. economy next year and could weigh on the global economy as well, the International Monetary Fund said Thursday.
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U.S. Treasury Secretary Henry Paulson said on Tuesday that a weakened housing market will not have a major impact on the U.S. financial sector, which he described as quite healthy.
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Wall Street may be on the defensive  this week if reports on housing and growth suggest the United  States economy is headed for an acute slowdown.