FX, Gold Market Volatility Could Rise With Tapering
- U.S. jobs recovery could slow down in second half of 2021.
- Fed expected to stay on course to taper asset purchases by end of 2021.
- ECB likely to begin tapering soon amid inflation concerns.
- Tapering by central banks, higher rates could impact FX and gold markets.
Housing Gets Boost From High-Income Buyers
- Home prices have soared 19% from a year ago amid low mortgage rates.
- Mortgage originations grew the most among those with high credit scores.
- 2002-2008 housing boom was driven by average or below-average credit scores.
- Shelter costs have been lagging behind CPI despite surge in home prices.
Original report published on CME Group.
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