While they have been a moving target, President Donald Trump’s tariffs have raised the cost of building a house. “The new tariffs could increase builder costs anywhere from $7,500 to $10,000 per home,” Rob Dietz, Read more…
Summary We expect the FOMC to reduce the fed funds rate by another 25 bps to 3.50%-3.75% at its December 10 meeting. The FOMC will not have the October and November Employment Situation and CPI Read more…
After two months of a relentless rout in the Yen, the Japanese currency is finally finding some stable ground. The core of the current reversal lies in the clash between the administration’s fiscal policy and Read more…
Markets FI, once again, is where most of the market attention went to today. It originated, once again, from Japan where a more than solid demand for a 30-yr JGB auction failed to prevent yields Read more…
With inflation continuing to raise the cost of everyday essentials and federal policy changes tightening eligibility for SNAP, millions of Americans are struggling to meet their basic needs. These pressures are now extending beyond households and into Read more…
When I was a kid, there was this pizzeria on a major boulevard. My parents would dress up my brother and me and take us there for the best pizza in the city. It’s not Read more…
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside at this point. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 Read more…
Daily Pivots: (S1) 1.3250; (P) 1.3303; (R1) 1.3405; More… Intraday bias in GBP/USD remains on the upside for the moment. Fall from 1.3787 could have completed as a correction at 1.3008. Firm break of 1.3470 Read more…
Daily Pivots: (S1) 0.7978; (P) 0.8010; (R1) 0.8028; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Price actions from 0.7828 low is seen are a corrective pattern. On the upside, above 0.8070 Read more…
Automakers paid a steep price to satisfy the Biden administration’s fuel efficiency goals. While some of that price was used to improve fuel standards, automakers also faced steep penalties for a litany of violations. Ford’s Read more…