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.


Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
AI Memory Boom Sparks Global Chip Supply Crunch
How Donald Trump has changed the way diplomacy is done
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu?
Today’s space race could turn fatal if we don’t agree on new rules 



