Page 35 - Philly Fed News Today

A top ranked economics and finance blog with a focus on the housing market

The week is off to a quiet start in terms of data releases with nothing significant in the calendar. The big data event this week will be on Wednesday

The Peoples Bank of China (PBoC) cut the one-year loan prime rate (LPR) by 10 basis points to 3.45% this morning. Most new and outstanding loans are based on the one-year LPR. This comes after the PBoC unexpectedly cut its medium-term policy rate last week. The cut today was no surprise, although smaller than the 15bps expectation. It was a surprise however, that the five-year LPR, which affects mortgage prices, was left at 4.20%. This probably reflects concerns about a weaker yuan, which has ha...

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A top ranked economics and finance blog with a focus on the housing market

A top ranked economics and finance blog with a focus on the housing market

A top ranked economics and finance blog with a focus on the housing market

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Dow, S&P and Nasdaq opened higher but that didnt last 10-year Treasury yield jumps  Walmart raises guidance after strong second quarter 4:21pm: 10-year...

The global selloff intensified yesterday, after the FOMC minutes released Wednesday highlighted that the Federal Reserve (Fed) continues to see significant risks to inflation. And if that’s not enough, Atlanta Fed’s GDPNow printed an eye-popping growth forecast of 5.8% for Q3 on Wednesday, up from 5% printed a day before. Atlanta Fed computes this number using the data available to them at a time t, therefore the number is not necessarily accurate, but it reflects the positive data released ...