- United States Housing Data (December):
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Building Permits - Actual: 1.483M vs Forecast: 1.460M vs Previous: 1.493M
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Housing Starts - Actual: 1.499M vs Forecast: Forecast: 1.330M vs Previous: 1.289M
EURUSUD did not overreact, even though home construction starts surprised with a slightly higher reading, which may indicate greater strength in the US consusment and thus reduce the cinch for a dovish Fed.
Fed Shocks Markets: Slower Growth, Inflation Surge, and Rates "Higher for Longer"
BREAKING: USD extends gains to 1% after the FOMC Conference
BREAKING: EURUSD down 0.4% after the FOMC!
Warsh to bring back lower rates?