Homebuilder sentiment bounces back in May, after record plunge in April
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. David Paul Morris | Bloomberg | Getty Images After the sharpest one-month drop in the history of...
Powell says a full economic recovery may not happen without a vaccine
The Fed noted that the recovery likely would depend on how Americans feel about their safety.
Currency Pair of the Week: GBP/USD
The Great British Pound was under pressure last week as talks between the UK and the EU broke down. Both sides admit to very little progress, and EU’s Barnier went as far to say that he was disappointed by the...
USD/JPY Outlook: Bulls Regain Traction But Need Close above Daily Cloud for Initial Positive Signal
The pair holds bid tone on Monday as global gradual re-opening elevates risk that increases pressure on yen. Fresh strength after three days in narrow range trading (held by 10DMA) probes above daily cloud which narrowed these days, but will...
UK Jobs and CPI Data to Kick Start Busy Week for Sterling as Brexit Risks Weigh
A raft of economic data is due out of the United Kingdom this week, starting with the labour market report on Tuesday and the consumer price index on Wednesday. Both will be released at the earlier than usual time of...
Federal government should help states, cities and hospitals recover from coronavirus, Gary Cohn says
The federal government should help cities, states and hospitals recover some of the money lost amid the coronavirus pandemic, President Donald Trump’s former economic advisor Gary Cohn said Monday. “I’m not trying to help cities and states get back to...
Investor Cheers Coronavirus Vaccine news, Risk On
Global stock markets surge sharply today on optimism that coronavirus vaccine research took another big step. New Zealand Dollar leads commodity currencies generally higher. On the other hand, Yen, Dollar and Swiss Franc are under broad based pressure. Gold also...
Trump advisor Kevin Hassett: Fed chief too pessimistic on time it’ll take for economy to recover
White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-frame for an economic recovery.
LinkedIn data shows U.S. job hiring may have hit bottom in mid-April
Luis Mora stands in front of the closed offices of the New York State Department of Labor on May 7, 2020 in Brooklyn, New York City. Stephanie Keith | Getty Images The coronavirus pandemic created a huge crash in new...
Powell says GDP could shrink more than 30%, but he doesn’t see another Depression
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s.
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