Hawks at FOMC must have had relief in housing market data today after inflation disappointed to the downside. Weakness in US housing sector had been a concern for FED policymakers for quite long now.
- US Homebuilder confidence climbed to its highest level since November 2005, according to the National Association of Home Builders today.
- Index reached 62 mark, while reading above 50 indicates improvement. Analysts expected reading of 61.
After weak first quarter, US housing market activity has picked up considerably, which makes the case for a rate hike from FED, stronger.
With US recovery in stronger path, real concerns for FED is turmoil in emerging markets and how much a hike now could have an impact on rates and exchange rates and mostly over weak or no inflation after years of expansionary monetary policy.
Rate hike or not, forward guidance form FED becomes crucial tomorrow through FED chair Yellen's press conference.


Banking scandal rocks Brazil’s politics and the country’s presidential election in October
AI is supercharging money scams – here’s what you can do to protect yourself
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown
Physicists zoom into the birth of cosmic rainstorms with new CERN study
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
What is Zionism? The different meanings of a contested term 



