U.S. apartment vacancy rate edges up in second quarter: Reis
The U.S. apartment vacancy rate increased in the second quarter and rents were higher, according to a report from Reis Inc .
CHICAGO The U.S. economy is ready for gradual interest rate increases this year and it remains too early to know whether Trump administration policies will boost economic growth, Dallas Federal Reserve Bank President Robert Kaplan said on Friday.
"We should be removing accommodation in 2017. I think we can do it gradually and patiently," Kaplan, who has a vote on Fed interest rate policy this year, told an economics conference in Chicago, adding that he was not ready to "pre-judge" changes in tax and spending policies in the incoming administration.
(Reporting by Ann Saphir and Jason Lange; Editing by Meredith Mazzilli)
TOKYO Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year.
SINGAPORE Crude oil futures rose for a fourth consecutive session on Tuesday as investors covered short positions, though worries over a festering supply glut kept a lid on prices.