Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool overheated prices.
Newsfeed: Powell’s Fed Set to Go Big and Keep Going Until Inflation Tamed Read More »
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively.
Newsfeed: China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan Read More »
In the week ending April 28, 2022, mortgage rates fell for the first time in eight weeks. 30-year fixed rates slipped by 1 basis point to 5.10%. 30-year fixed rates rose by 11 basis points in the week prior.
Newsfeed: U.S Mortgage Rates Fall for the First Time in 8-Weeks Read More »
After a tumultuous week of violent lurches higher (but mostly lower), the S&P 500 has ended April with its worst start to a year since the start of World War 2…
Newsfeed: Buffett Blasts Bankers For Turning Stock Market Into “A Gambling Parlor” Read More »
Both incomes and spending were expected to rise MoM in March and they did with spending rising 1.1% MoM (almost double the 0.6% rise expected) and outpacing the 0.5% MoM rise in incomes.
Newsfeed: Fed’s Favorite Inflation Signal Hits 40 Year High As Savings-Rate Crashes Read More »
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off.
Rick Santelli has the latest numbers released …
Newsfeed: GDP contracts 1.4 percent… Read More »
After the unexpectedly large drops in new- and existing-home-sales, analysts expected pending home sales to also fall in March (though only modestly) and they did, dropping 1.2% MoM (worse than the 1.0% drop expected) leaving pending home sales down 8.9% YoY…
The real estate market is cooling quickly …
Newsfeed: Mortgage applications drop 50 percent… Read More »
Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting more of a squeeze on the market.
Newsfeed: Sales of New U.S. Homes Drop to Lowest in Four Months Read More »