Optimism Lowest Since May ’15
The Fed’s next Open Market Committe (FOMC) meeting is on December 19th and it appears that another rate hike is due.
But today the National Association of Home Builders (NAHB) released their homebuilder optimism index, and it is shrinking like a burrito left in the Arizona sun in July.
In fact, the homebuilder index reached its apex just as The Fed began unwinding their balance sheet and kept raising their target rate.
Is The Fed the destroyer?
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