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Day: January 13, 2021

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%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help …

The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard saysRead More

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 endorsing a robust bullish picture. The MACD, some distance above zero, is fading below its …

NZDUSD Maintains Positive Bearing Despite PullbackRead More

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 of the information is not guaranteed, nor in providing it does TD Bank Financial Group …

US: Prices at the Pump Lifted Headline Inflation in December, While Core Inflation Remained SubduedRead More

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 for today, lifted slightly by upside acceleration in oil prices. Dollar, as the third strongest, …

Sterling Strong in Mixed Markets, Dollar StabilizesRead More

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 Covid relief package offers 11 extra weeks of jobless benefits to workers. Many, but not …

Many workers will get 4 extra weeks of unemployment benefits. Here’s howRead More

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, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a …

Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low ratesRead More