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Soci é t é G é n é rale says the US debt downsizing panic is over and now needs to pay attention to global inflation differences.
Kit Juckes, chief foreign exchange strategist at Soci é t é G é n é rale, said the "undersize panic" in the US bond market was over and that wide differences in global inflation could make the euro and yen look very cheap. The Juckes said a further fall in the bond market and its impact on other markets could make it difficult for the Fed to rein in excessive economic growth, which could lead to a faster rise in US inflation than elsewhere, boosting the rise of major currencies against the dollar. Juckes wrote in a client report: "people assume that the Fed will control economic growth, but if they don't do enough, I think we
Us Treasury Secretary Yellen calls for more spending to stress that the rise in inflation is temporary
Us Treasury Secretary Yellen (Janet Yellen) said on Thursday that the US economic recovery still had a "long way to go" and urged congressional leaders to increase spending, saying the government's budget was more than a decade behind the current era. Ms Yellen said the US Treasury had implemented aggressive plans to get the economy through the COVID-19 crisis and called for broader fiscal policy in all areas. In a speech to the Financial Services Subcommittee and the Government Appropriations Committee, Ms Yellen said the Treasury's budget had not kept pace with the expansion of its work. "our team uses what we can use," she said.
The number of contracts signed for second-hand houses in the United States fell unexpectedly in April due to a limited supply of housing and higher selling prices.
Us second-hand housing signings fell unexpectedly in April, the third decline in the past four months, suggesting a lack of affordable housing that continues to constrain the housing market. The index of second-hand housing contracts fell 4.4% month-on-month to 106.2, the lowest since may last year, according to data released by the national association of real estate brokers on Thursday. The median forecast in a Bloomberg survey is a rise of 0.4%. The higher prices demanded by sellers reflect the limited supply of housing, which also makes prices more and more beyond the affordability of buyers, limiting sales. However, the number of second-hand housing contracts increased by 53.5% year-on-year on an unadjusted basis in April.