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Grow Capital Inc. Provides Update to Shareholders on Listing Status and Operational Progress
HENDERSON, NV / ACCESSWIRE / February 16, 2022 / Grow Capital, Inc (OTC PINK:GRWC), a publicly-traded software, technology and financial services holding company that identifies, acquires and incubate
Outer disk headline: Pelosi says the U.S. House of Representatives will pass a $550 billion infrastructure bill this week.
The global financial media focused on the headlines last night and this morning: 1. Pelosi said that the US House of Representatives would pass a $550 billion infrastructure bill this week. 2. Biden said he supported a tax on billionaires' wealth. 3. Rio Tinto PLC and Canadian trade unions reached a labor agreement on British Columbia's actions. 4. Pfizer Inc CEO: predicted to return to normal life within a year. 5. Panic buying aggravates BP P.L.C. 's cut-off at nearly 1/3 of gas stations in the UK. 6. Top analysts say now is the right time to buy Neflix and Tesla, Inc.. Pelosi said that the U.S. House of Representatives will pass it this week.
Capital Macro: the dollar is overvalued but will continue to rise in the next 6-12 months
Thomas Mathews, an economist at Capital Macro, said that while the US's foreign assets and large current account deficit suggest that the dollar is "somewhat" overvalued, the dollar is likely to rise further in the next 6-12 months. Mathews wrote in a research note on Friday that the rise in the dollar benefited from a faster rise in U.S. yields than in other advanced economies, which is expected to continue, which in turn will push the dollar higher further. The dollar index hit a high for the year on Thursday, reflecting the dollar's avoidance amid economic uncertainty caused by the spread of Delta mutant strains.
The break-even inflation rate shows that the market gradually agrees with the Fed's point of view.
Not only is the market beginning to accept that the rise in inflation is temporary, but expectations for peak inflation have also fallen. From this point of view, it is not surprising that Treasury yields have fallen. The gradual decline in break-even inflation and the widening gap between two-year and five-year indicators means that the Fed has not begun to explore the urgent need for downsized stimulus. It is not even clear that the market expects inflation to be higher than the Fed's target. Break-even inflation is not an accurate tool, it depends on two markets with different liquidity. It includes inflation expectations, but it also includes inflation risk premiums. The risk premium is difficult to calculate.
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