Existing Home Sales 5.80MM, Exp. 5.72MM, Last 5.85MM
I feel very good about the progress we are making on vaccines Looking at full set of data and taking into account uncertainty Sees 3-3.5% GDP growth in 2022 Sees inflation around 2% in 2022 Sees sharp rise in prices as mostly temporary Policy will really be driv...
We will be closely watching comments by Fed Chair Powell today when he is due to testify, via satellite link, on the Fed emergency lending programs and current policies before the House Select Subcommittee on the Coronavirus Crisis.
Bitcoin dropped below 30,000 first time since January
- This is not an environment where tapering could be put on auto pilot - Good question about whether it is the time to retire Fed's intervention in the MBS market
- spread of virus mutation continues to be a source of risk - brighter prospects for global demand and a faster than anticipated increase in consumer spending could result in an even stronger recovery
The US dollar rose to its highest level in two months versus major peers after the Federal Reserve unexpectedly brought forward its projections for interest rate hikes into 2023. U.S. Federal Reserve was taking a more hawkish stance than expected and planning for two interest rate incr...
PUTIN SAYS THE TONE OF TALKS WITH BIDEN WAS FRIENDLY
Democrats could spend as much as $6 trillion on infrastructure package - report
Turkey central bank kept interest rates unchanged for a third month on Thursday, as a weak lira and higher global commodity prices continue to cloud the inflation outlook.
CANADA (MAY) ADP NON-FARM PAYROLL EMPLOYMENT ACTUAL: 101.6K VS 351.3K PREVIOUS
US Initial Claims 412K, Exp. 360K
Substantial further progress still a ways off Substantial further progress still a ways off. Fed will provide advanced notice before changing asset purchases. Committee did discuss progress toward goals at meeting today. Fed will do everything we can to sup...
- Participants expect the job market to continue to improve - Inflation has risen significantly in recent months - We are seeing upward pressure on prices from a rebound in spending - The impact of bottleneck effects on inflation has been greater than anticipated...
- Unemployment projections at 3.5% by end of 2023 - Inflation reflected in part by base effects and higher oil prices Overall unemployment remains well below pre-pandemic Factors weighing on employment growth should wane in the coming months
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