-
An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and all that say "yeah but they're stale, we had CPI and Retail Sales since", see the chart below ...
-
The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Sterling remained firm after jumping to a one-month peak following hotter-than-expected inflation, and also drew support from the ...