The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. Brian Snyder | Reuters Unemployment for the lowest-paid workers in the U.S. is above 20%,...
NZDUSD Maintains Positive Bearing Despite Pullback
NZDUSD appears to have found some footing on the mid-Bollinger band after receding from a recently reached 32½-month peak of 0.7314. The short-term technical indicators are revealing some weakness in positive momentum, while the soaring simple moving averages (SMAs) are...
US: Prices at the Pump Lifted Headline Inflation in December, While Core Inflation Remained Subdued
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
Sterling Strong in Mixed Markets, Dollar Stabilizes
Sterling strength continues today, in the otherwise mixed markets. UK Prime Minister Boris Johnson told the parliament that restrictions measures are already “starting to have an effect in many parts of the country”. Canadian Dollar is following as second strongest...
Many workers will get 4 extra weeks of unemployment benefits. Here’s how
A pedestrian passes a notice for the Revival International Center (Centro Internacional de Avivamiento) food pantry, in a city hard hit by the coronavirus disease (COVID-19) outbreak, in Chelsea, Massachusetts, U.S., July 9, 2020. Brian Snyder | Reuters The recent...
Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers,...
USD/CAD Breakout Could Occur
The US Dollar declined by 84 points or 0.66% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.2703 on Wednesday morning. Currently, the USD/CAD exchange rate is trading near...
Dollar Reversed as Fed Officials Talk Down Tapering, Sterling Strong
Dollar dropped notably overnight and stays weak in Asian session. Some Fed officials toned down the talk of tapering the asset purchase program, or any monetary stimulus removal. Sterling, on the other hand, is extending this week’s rally, after BoE...
Oil Drives Higher, Gold Retreats, Bitcoin In Recovery
Oil rally continues but may face resistance soon Oil’s relentless rally is continuing, with crude prices up roughly 1.5% today, making fresh highs since the pandemic plunge. The rally will run into stronger resistance soon enough but a softer dollar...
Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand
More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him. Now, after followers of President Trump laid...