With strong inflation data lately and Fed speakers remaining hawkish, many traders were expecting the Fed’s favorite measure of inflation, Core PCE, to come in hotter than expected. They weren’t disappointed. The MoM Core PCE jumped to 0.6% vs an expectation of 0.4% and a higher revised print for December from 0.3% to 0.4%. The […]
The post US Core PCE Comes in Stronger than Expected; US Dollar Bid appeared first on Action Forex.
During the COVID-19 lockdowns, renters and buyers benefited from an uncertain housing market. Mortgage rates were at historic lows for buyers, and landlords slashed rents considerably to entice renters to renew leases and draw in Read more…
Nordstrom, the luxury fashion retailer, was once owned by its founding family with the same name. However, like most former family-owned companies, the Nordstrom family had to sell most of the company’s ownership to keep Read more…
