The Open Market Trading Desk at the Federal Reserve Bank of New York has released a statement regarding reinvestment in Treasury securities and agency mortgage-backed securities.
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As expected, The Federal Reserve Open Market Committee (FOMC) kept their target rate unchanged at 1.25%. But The Fed announced that asset-shrinking (unwinding their $4.4 trillion balance sheet) would begin in October.
The price of silver has plunged 4.4% since reaching a five-month high on Sept. 8.
According to the National Association of Realtors, existing home sales YoY were flat at +0.2% growth (while down 1.7% MoM from July to August). Hurricane season isn’t helping existing home sales.
The Dow Jones today is flat in pre-market hours as Fed Chair Janet Yellen will make a historic announcement today…
Daily trades list update for September 20, 2017. Market Update Pro subscribers click here to download the report. Not yet a subscriber? Try the Market Update Pro including Daily Trades risk free for 90 days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Start…
World stock markets were mixed in subdued trading overnight.
Oil prices today (Tuesday, Sept. 19) are trading above $50 a barrel, which puts oil on track for its highest closing price since July.
And we predict oil prices will head even higher before the end of the year, too.
The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows that student debt delays household formation, home buying, and saving.
The home construction numbers are out for August 2017. 1-unit starts rose 1.55% MoM while 5+ unit (multifamily) starts fell =5.83% MoM. Y