When you're trying to set policy based on data — as the Federal Reserve aims to do — there are two mistakes you can make: overreacting and underreacting. The Fed now faces both risks.
Why it matters: At their policy meeting this week, officials will have to react to a recent run of elevated inflation data.
The powerful National Association of Realtors last week agreed to settle a big lawsuit and change the way real estate agents get paid — from effectively a standard commission to something truly negotiable.
Why it matters: The deal could open up a tightly controlled market to genuine competition, and create opportunities for new players and business models in a relatively old-fashioned world.