Funk
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U.S. Pending Home Sales Rebound Slightly More Than Expected In February
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in Febr
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SNB’s Schlegel: The Bank has no target for the Swiss Franc exchange rate
The Swiss National Bank (SNB) Vice President Martin Schlegel said late Wednesday, repeating the SNB’s longstanding position as regards the Swiss Franc (CHF). Schlegel stated that the central bank has no target for the exchange rate, per Bloomberg. Key quotes “Swiss National Bank has no target for th
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The other terminal rate: How far will policy rates be cut?
Recent communication by the Federal Reserve and the ECB has made it clear that the first cut in official interest rates is coming. Both central banks are saying the same -it depends on the data- but the ECB communication is more opaque than that of the Federal Reserve, which provides interest rate p
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ECB’s Cipollone: ECB has room to lower rate swiftly despite wage rebound
European Central Bank (ECB) Executive Board member Piero Cipollone, in a scheduled speech on Wednesday, said that the ECB has room to cut interest rate swiftly despite wage rebound. Additional quotes A recovery in salaries is needed for Europe’s struggling economy to regain some momentum. So far fro
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German GfK Consumer Confidence To Improve In April
German consumer confidence is set to improve in April, survey conducted by the market research group GfK and the Nuremberg Institute for Market Decisions (NIM) showed on Tuesday. The forward-looking consumer confidence index rose to -27.4 in April from revised -28.8 in March. Economic and income exp
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Pull-up Update