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Day: March 30, 2021

Critics slam the Fed as home prices rise at a historic rate

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve. Home prices nationally …

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Tax-refund phishing scam targets college students and staff, IRS warns

Visoot Uthairam | Moment | Getty Images The IRS warned Tuesday of a tax-refund phishing scam targeting college students and staff who believe they have a pending tax refund. Con artists are using fake e-mails to impersonate the federal tax agency. The messages display the IRS logo and use subject lines like “Tax Refund Payment” …

Tax-refund phishing scam targets college students and staff, IRS warnsRead More

Roar: Consumer Confidence Surges in Preview of Coming Spending Spree

Consumers certainly regained confidence in March. The headline print of 109.7 handily exceeded even the most optimist forecast with room to spare. After a run of mostly disappointing February data, this surge is consistent with our expectation that we are at the start of a consumer spending spree. Opening Salvo In the wake of the …

Roar: Consumer Confidence Surges in Preview of Coming Spending SpreeRead More

Swissie Falls Despite Sparkling Swiss KoF

The Swiss franc is trading in negative territory in the Tuesday session. Currently, USD/CHF is trading at 0.9422, up 0.35% on the day. On the fundamental front, Switzerland releases the Credit Suisse Economic Expectations Index (Wednesday, 8:00 GMT). KoF Economic Barometer soars The KoF Economic Barometer, a key indicator of business confidence, is on a roll. …

Swissie Falls Despite Sparkling Swiss KoFRead More

Dollar Surges on Renewed Rally in Yields, Yen and Gold Tumble

Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies. The stock markets are having little reactions so far, with European indices mildly in black …

Dollar Surges on Renewed Rally in Yields, Yen and Gold TumbleRead More