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What it would take from this week s FOMC to give support to the US dollar
statement at 1800 GMT
Earlier previews are here:
MUFG analysts are expecting the USD negative bias to continue . but.
The main event risk for the US dollar . which could potentially challenge the bearish trend currently in place is the latest FOMC meeting on Wednesday.
The Fed is expected to acknowledge building evidence of a robust economic recovery at the start of this year. The better than expected economic data flow has lifted the consensus forecast for GDP growth in Q1 to almost 7% annualized. However, it remains too early for Chair Powell to change his dovish stance.
4/26/2021 11:25:39 AM GMT
Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. The eurozone also provides its first estimate of April inflation. Corporate earnings feature tech and financial firms. Equities are mostly firmer in the Asia Pacific region and Europe. Hong Kong, China, and Australia were exceptions, and their equities slipped lower. Taiwan, South Korea, and Indian indices advanced. Europe s Dow Jones Stoxx 600 snapped a seven-week advance last week but is slightly higher today. US futures are narrowly mixed. Ahead of the FOMC meeting and US data, the yield of the 10-year benchmark is firm near 1.57%. Yields in Europe and the Asia Pacific area are a little higher as well. The dollar is sporting a soft profile. The euro rose a little above $1.2115. Sterling is trying to establish a foothold above $1.39, and the dollar-bloc currencies are firm. Among emerging market currencies, eastern and central European currencie
ThyBlackMan.com) When will the
Biden Administration stop using the U-3 category rate, which in March was 6%, as the official unemployment rate? Before going any further, it is imperative you understand what the U-3 category rate of unemployment is, as it relates to the unemployment situation in our nation today, then we will discuss Dr. Cecilia Rouse, Chair of the Council of Economic Advisers and why she indicated the 6 percent rate is not accurate and other ramifications.
The nation’s employment situation has been politicized. Objectivity and who is measured, and which unemployment rate is presented as “the official unemployment rate,” when it comes to the Bureau of Labor Statistics (BLS) reports is the subject of much criticism. THE TRUTH MATTERS, in the calculation of idle workers in our economy, who want to work.
Recruiting, AE, MLO, Ops Jobs; Hedging, HELOC, Anti-Fraud Tools; CFPB Meeting Transcript; GSE s Bold Move Apr 1 2021, 8:22AM
Worried about it being April Fool’s Day? Don’t be. We’ll take care of you. Today s podcast includes a discussion on extended locks, as well as an interview with millennial Megan Sinclair on her non-biased experience with the refinance process. Worried about rising rates? What, your company doesn’t do HELOCs or cash out refis? Here’s a story on rising rates from an industry perspective, although 3.25 percent shouldn’t kill your business. Worried about how Freddie Mac’s announcement yesterday on its new policy regarding 2nd homes and investment properties? We knew it, along with other changes, was coming nearly three months ago. Capital markets folks agree that it is not that bad: Freddie will only purchase second homes and investment property loans that were underwritten by LPA. Not DU. And nearly everyone has the Fred