The global economic slowdown doesn’t to be much affecting the US, as strong economic releases helped to strengthen the dollar against the pound. Tech earnings showed positive results yesterday, while there are rumours of the Federal Reserve changing its stance on rate hikes.
MBA 30-year mortgage rates continued to climb throughout April, although mortgage applications have fallen 7.3%. Today, we’ll see the all-important durable goods orders, which are expected to hit 0.8%, or 0.1% excluding the defence sector.
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