NEW YORK, May 2 - The U.S.
dollar held below 3 - 1 / 2 - month highs on Wednesday as investors awaited the outcome of a Federal Reserve meeting for indications on the U.S. central banks future interest rate path.
Not exact matches
Crude oil is
holding on to recent gains at just
below $ 48 a barrel, and the
dollar is a touch stronger against the euro.
Having spent 50 + years in the timber industry I have been tracking this company for the last two years and consider them a good bet I don't
hold shares but if the short sellers force them down
below a
dollar then I will swoop like a bald headed eagle
A Fed on
hold and weaker
dollar are good news for the asset class (see the chart
below), and there are signs of progress on structural reforms in certain EM countries.
The U.S. economy has never been willing to
hold more than 10 cents of base money per
dollar of nominal GDP except when interest rates were substantially
below 2 %.
Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret,
below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently
holding tens of trillions of
dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bank.
As you can see from the invite
below, these are low -
dollar affairs that are being
held as much to whip up grassroots support as they are to raise cash to help the labor - backed party's effort on behalf of its preferred Democratic primary candidate against Espada, Gustavo Rivera.
New Yorkers making up to half a million
dollars a year would get a credit on their income taxes if their local governments and schools
hold spending to
below two percent a year.
According to the Comptroller's projections, the state still has a structural deficit of nearly $ 2 billion
dollars for the upcoming budget year, though Governor Cuomo has promised to
hold spending increases to
below 2 % to prevent that from happening.
New Yorkers making up to a half - million
dollars a year would get a credit on their income taxes if their local governments and schools
hold spending to
below two percent a year.
A Fed on
hold and weaker
dollar are good news for the asset class (see the chart
below), and there are signs of progress on structural reforms in certain EM countries.