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Optimistic Fed Signals "Strengthening" Economy, Shrugs Off Inflation As "Transitory"Apr 28, 2021 - 11:16:41 PDT
Since the last FOMC meeting, on March 17th, 10Y TSY yields are unchanged... while commodity prices have exploded higher...
Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET, 30 minutes after the decision is announced, and those comments could move markets.
Spending plans for the EU’s flagship stimulus package are landing on the European Commission’s virtual desk this week. Here's how Germany and France want to use the money, for example, and here’s the Greek plan.
The Fed Is Standing Aside as House Prices RIP Higher — But Here’s What Could Get In the Way: MWApr 28, 2021 - 10:45:54 PDT
It seems appropriate on a day when the Federal Reserve is making an interest-rate decision to look at the most rate-sensitive sector, housing.
New York to End Restaurant Curfew, Allow Bar Seating In NYC Starting May as COVID Cases DropApr 28, 2021 - 10:39:53 PDT
“To be clear, we will only be able to maintain this progress if everyone gets the Covid vaccine,” Cuomo warned.
"The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined. I wonder whether the motto for this pandemic will be carpe diem, quam minimum credula pecunia...
China’s net gold imports via Hong Kong in March surged to their highest since December 2019, Hong Kong Census and Statistics Department data showed on Tuesday, after new import quotas were issued by the central bank as demand improved.
In 2008, some financial companies were deemed "too big to fail." The government helped bail them out, and some of them have gone on to see big profits.
More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly...
Biden Calls for Free, Universal Preschool and Affordable Child Care in the U.S.Apr 28, 2021 - 09:20:41 PDT
President Joe Biden on Wednesday called for the U.S. to provide universal preschool and ensure no household spends more than 7% of their income on child care.
JPMorgan Chase & Co. is teaming up with Singapore’s Temasek Holdings and DBS Group Holdings to create a new blockchain-based platform for payments, trade and foreign exchange settlement.
Apr 28, 2021 - 09:01:51 PDT
Goldman said bitcoin's problems make it vulnerable to 'losing store-of-value demand to another, better-designed cryptocurrency.'
The deduction - which largely affected the wealthiest Americans - most of whom are Democrats, has become a major sticking point on Capitol Hill, as Democratic lawmakers have been calling for Biden to repeal the 2017 cap instituted by former President Trump as part of his signature tax legislation, which lowered taxes or increased refunds for most Americans.
A seventh batch of economic impact payments has been sent. Here's who the government continues to owe money to.
Biden's Families Plan Excludes Medicare Expansion, Drug Price Changes Backed by DemocratsApr 28, 2021 - 08:33:19 PDT
Biden did not call to lower the Medicare eligibility age or allow for direct drug price negotiations as part of the American Families Plan.
This is breaking news. Please check back for updates.
The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the Wazoo, Ignored by CPIApr 28, 2021 - 08:23:44 PDT
The Consumer Price Index (CPI), on the other hand, tracks the housing inflation component based on rents. The CPI for “Owner’s equivalent rent of residence,” weighing about 25% of the overall CPI, is based on homeowners’ estimates about how much their home would rent for, which ticked up 2.0% from a year ago (green line), compared to house price inflation as measured by the Case-Shiller index (red line):
KBW Bank Index (a modified cap-weighted index consisting of 24 exchange-listed National MarketSystem stocks, representing national money center banks and leading regional institutions) rose to a re…
The Federal Reserve has begun “slowing” their money printing. Not by much, but a little “foot off the monetary pedal.” Today’s Federal Reserve of St Louis data up date…
With the Fed signaling its patience on providing aggressive stimulus into the economy, the focus will shift to Fed Chairman Jerome Powell's press conference.