Malcolmp1111
Gold MemberSteve posted an update 11 months ago
CHINA AND SAUDI ARABIA HAVE SIGNED A LOCAL-CURRENCY SWAP AGREEMENT WORTH AROUND $7 BILLION, DEEPENING THEIR TIES AS NATIONS THROUGHOUT THE MIDDLE EAST AIM TO DIVERSIFY MORE OF THEIR NON-OIL TRADE AWAY FROM THE DOLLAR.
1 CommentSteve posted an update 11 months ago
U.S. 30-year mortgage rates fell to 7.41% in the most recent week, according to the MBA, from 7.61% in the prior two weeks, sustaining a 5-week pull-back from a 23-year high of 7.90% in October. The rate is still well above this year’s low of 6.18% last February. The weekly MBA purchase index rose 3.9%, and now sits 10.5% above the 28-year low… Read more
Steve posted an update 12 months ago
Thank you Steve!
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Steve posted an update 12 months ago
12 months ago (edited)
The markets have anticipated a dovish pivot by the Fed’s tightening seven times since November 2021, according to Deutsche Bank’s Thematic Research report, published on Wednesday.
Most recently, the downside in the US CPI report yesterday created anticipation for a dovish pivot over the months ahead.
Futures are now pricing in an 87% chance of a…
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