Source: Markets Insider Investors should be concerned about yield curve inversion and Fed rate hikes but do not point to a recession in the US economy, according to JPMorgan’s Marko Kolanovic. DXY down -0.81%, EUR USD up +1.04% A yield curve inversion, where short-term interest rates are higher than longer-term interest rates, has historically signaled that the economy is … [Read more...] about US Economy Is Unlikely to Plunge into Recession Despite Fed Rate Hikes, Says JPMorgan Kolanovic
Forex News
US Job Openings Slightly Down to 11.266M in February
Source: Bureau of Labor Statistics Job openings in the United States posted a slight decrease in February, with hires and separations recording modest increases during the month. QQQ is up 0.82%. Job openings stood at 11.266 million in February, down from 11.283 million in January and 7.860 million in the same month last year.The private sector accounted for 10.235 … [Read more...] about US Job Openings Slightly Down to 11.266M in February
Libor Grows Further to Hit 23-Month High of 1.006%
Source: Bloomberg The London Interbank Offered Rate for the greenback grew for the third straight session to breach 1% for the first time in nearly two years. DXY is down 0.82%. The Libor rate rose by roughly one basis point to 1.006%, hitting its highest level in 23 months since April 2020.The rate has already grown by some 50 basis points so far this month, as traders … [Read more...] about Libor Grows Further to Hit 23-Month High of 1.006%
Consumer Confidence Gains Steam in March
Source: The Conference Board Consumer confidence picked up in March after two straight months of declines, in line with the growth in employment during the month. QQQ is up 0.88%. The Consumer Confidence Index grew to 107.2 in March, up from 105.7 in February, attributed to the improvement in employment.Business conditions improved as consumers assessing “good” business … [Read more...] about Consumer Confidence Gains Steam in March
US National House Price Index Jumps by 19.2% In January
Source: S&P Dow Jones Indices US house prices increased by an annual 19.2% in January, accelerating from a gain of 18.9% the previous month. SPY is up +0.87%, DXY is down -0.97%. The 10-City Composite annual rise in house prices was posted at 17.5% in January, compared to 17.1% the previous month. The 20-City Composite rose by 19.1%, compared to the previous 18.6% … [Read more...] about US National House Price Index Jumps by 19.2% In January
