Disclaimer
Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent au
Disclaimer
Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent au
By Reuters Staff
1 Min Read
May 3 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin on Monday said he believes the U.S. economy is still short of meeting the bar the central bank has set for considering any reduction in its bond-buying program.
In an interview with CNBC, Barkin said he is closely tracking the employment-to-population ratio, which moved up to 57.8% in March from 57.4% in December; pre-pandemic it was at 61.1%. “It’s only modest progress,” Barkin said. “We have an outcome-based policy; when the outcomes look like substantial forward progress, that’s the time to talk about it” (Reporting by Ann Saphir; Editing by Leslie Adler)
A Quarterly Economic and Market Outlook in 10 Charts or Less
“I just dropped in to see what condition my condition was in”
(By Kenny Rogers & The First Edition, 1967)
When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise. We believe the five primary economic and market signals that may provide perspective on where we go from here are
GDP Growth
Global growth is expected to accelerate over the course of 2021. The current Wall Street Journal Economic Forecast Survey calls for a U.S. Q1 GDP growth rate of 4.9% and a Q2 estimate of a whopping 7.0%. The Richmond Federal Reserve Bank is also calling for strong growth over the next 2–3 years.
Wall Street Set To Start Low
WASHINGTON (dpa-AFX) - A slew of Fed speeches and FOMC minutes of its latest monetary policy meeting might be the highlights on Wednesday.
Asian shares finished broadly up, while European shares are trading mostly down.
The U.S. Futures Index point to lower open for Wall Street.
Fear of an increase in COVID-19 infection is buoyant in several countries, while half of U.S. adults received the first dose of vaccine.
As of 8.05 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were at 0.00 points and the Nasdaq 100 futures were sliding 3.25 points.