S&P 500 Futures print mild gains above 4,150 amid economic optimism fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Days ago, we wrote that the Citi U.S. Economic Surprise Index was about to turn red for the first time since last June.
The Citi US econ surprise index is about to turn red pic.twitter.com/B1JkaPp8k0 zerohedge (@zerohedge) May 19, 2021
As of Thursday, the index - which measures the degree to which economic data is either beating or missing economists expectations -
went red. The last time this happened was right around the time when lockdowns were ending in June 2020.
Besides a flurry of disappointing economic data points, including the recent hotter than expected CPI report, housing starts declined in April, and the Federal Reserve Bank of Philadelphia s manufacturing survey, which missed expectations, the surprise index dove into the red. The index is not an imperative measure of growth, but it does provide a view into the strength of the economic recovery.
Federal funds rate about to rise: When and how mortgages, other loans will be impacted
By Kelsey Ramirez article
The Federal Reserve will increase the federal funds rate, economists say, which will have ripple effects on interest rates on mortgages, personal loans and student loans. (iStock)
The time to act is now for homeowners looking to refinance their home loan into a lower interest rate.
That’s because the money markets are betting on an increase in interest rates this year.
That is, they are now pricing a 100% chance that the Federal Reserve will increase the federal funds rate by December 2022.
The Federal Reserve s So-Called Taper Talk Could Keep Markets on Edge Through the Summer nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.