Page 36 - Philly Fed News Today

As numbers approaching a thousand head to Orange County, CA, for the California MBA’s Western Secondary, keeping an eye on the remnants of a hurricane, it is not an easy lending environment with mortgage rates at 20-year highs, firmly in the 7’s. Thomas Edison believed, "Vision without execution is hallucination." Many owners of lenders and vendors had very good vision and execution some years ago when creating their companies. But thinking that 2020 and 2021 woul...

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

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

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

Australian Dollar faced a discernible decline during today's Asian trading session, continuing its broad-based selloff throughout the week. The catalyst behind Aussie's downturn can be traced back to the underwhelming employment figures released from Australia. Additionally, a prevailing risk-averse sentiment, inherited from US markets overnight, further burdened the risk-sensitive currency. Following closely, New Zealand Dollar emerges as the session's second-weakest currency. Su...

The greenback, when tracked by the USD Index (DXY), maintains the bullish stance well in place and advances to new multi-week highs around 103.60 ahea

The Aussie dollar continues to trade on the weak side against a strong USD with AUD/USD falling below the 0.64 big figure for the first time since November last year. The 2022 low at AUD/USD 0.6170 is key support.

The Euro (EUR) has managed to regain some stability against the US Dollar (USD) and is now showing signs of gaining momentum for EUR/USD after it drop

The US manufacturing sector is showing impressive expansion. The latest data from the Philadelphia Fed Manufacturing Business Outlook Index jumped from -13.5 to +12.0 in August, against forecasts of -9.8. This is the first time since August last year that the index has been in positive territory, and even with such a significant jump, it reinforces the positive signals from the Fed’s publications the day before.

Another sign that the economy is not cooling off despite Federal Reserve rate hikes. | Economy