- One of the key takeaways from the chairman’s testimony is that the Fed is still willing to be very patient and keep its easy-money policies in place for now, despite the recent upgrades to its growth and inflation outlooks.
- Switching to the sizzling housing market, Kshatriya characterized the rapid increase in home prices over the past year as an interesting phenomenon impacting much of the globe.
- New flash PMI numbers for June, recently released by IHS Markit, confirm the strength of the U.S. economy, in addition to that of several other key regions, Kshatriya noted.
For further details see:
What Do The Latest PMI Surveys Suggest About The Global Economic Recovery?