Week Ahead: Russia/Ukraine Battles Continue; Core PCE and NFP on Tap
Last week was about the US and NATO working to help Ukraine. However, the Russian invasion into Ukraine continues this week as the top Russian negotiator said that no progress is being made on main political issues. Can the two...
The Weekly Bottom Line: Fed’s Focus Tilts Squarely on Restoring Price Stability
U.S. Highlights In a carefully crafted speech this week in D.C., Fed Chair Powell reaffirmed the Fed’s keenness for a more aggressive removal of monetary stimulus in order to restore price stability. Powell highlighted the potential for the Fed to...
Week Ahead – An Encouraging Recovery
Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring...
Mortgage rate soars closer to 5% in its second huge jump this week
The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis...
Vanguard reclaims top target-date fund manager spot, leapfrogs Fidelity and BlackRock
Until 2020, Vanguard had collected the most new investor money in target-date funds each year since 2008, according to Morningstar.
Weekly Economic & Financial Commentary: Interest Rate Volatility Near a Decade-High
Summary United States: From Factories to Construction Sites, Supply Shortages Slow Activity Economic reports this week for both manufacturing and homebuilding shared two main themes: disappointing headline numbers, but plenty of backlogs for future work. Whether it is new homes...
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters In a grim sign for the housing market’s busiest season, pending home sales, which...
Weekly Focus – Fed is Stepping Up the Pace
As the conflict in Ukraine remains frozen for now, markets have started shifting their attention also to other topics, especially monetary policy signals. Despite volatile oil prices rising again to USD/bbl 120 after Russia demanded Rouble payments for gas, positive...
AUD/USD outlook: Bulls are losing traction on approach to key resistance
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair. Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese currency remains under pressure on...
The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons
Just 60 years ago, the U.S. and the Soviet Union were at the height of a Cold War that nearly resulted in nuclear warfare. Today, experts say, the U.S. and its old foe, now Russia, are headed into another one....