Friday Financial Update

Friday Financial Update: Employers across the nation planned more job cuts in January than in December, which were concentrated in the retail sector after the holidays. The Federal Reserve released its monetary policy statement painting a positive picture of the U.S. economy. The median sales price of existing homes sold in the United States in December 2017 was $246,800, down from an all-time peak median sales price of $263,300 from June 2017.