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Ready or not, borrowers are involuntarily seeing changes in the
interest rates they are being charged. Why, you ask? Because there
are serious, systemic risks associated with the most widely used
interest rate basis in the world - the London Interbank Offered
Rate (or LIBOR), including the LIBOR Rate for U.S. Dollar
denominated loans and other financial products (USD LIBOR). The
situation is so serious that regulatory authorities have said that given
consumer protection, litigation, and reputation risks, [they]
believe entering into new contracts that use USD LIBOR as a
(Bloomberg Markets) Central bankers around the world are mulling the future of their massive bond-buying programs in a post-pandemic world, knowing that with big balance sheets come big expectations.
Coronavirus update: A slight increase in cases, most homeowners have exited forbearance
Reopenings are creating supply chain issues 05/21/2021
Total U.S. confirmed cases: 33,058,956 (33,029,091)
Total U.S. deaths: 588,583 (587,930)
Total global cases: 165,639,253 (165,015,132)
Total global deaths: 3,432,672 (3,420,173)
Cases tick higher at week’s end
As vaccinations increase across the U.S., the number of new COVID-19 cases has flatlined. However, new cases ticked higher at the end of this week.
According to data compiled by the COVID-19 Tracking Project at Johns Hopkins University, the U.S. reported almost 30,000 new cases on Thursday, a few hundred higher than the day before. Despite the increase, the U.S. has kept new cases below 30,000 for the last several days.
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