Economic Growth

Home Resales Near One-Year Low, New Unemployment Filings Up Unexpectedly

Economic outlook apparently otherwise ok?

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U.S. home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.

The reports on Thursday came a day after the Federal Reserve gave the economy a vote of confidence by announcing that it would reduce its monthly $85 billion bond buying program by $10 billion starting in January.