Instead of trying to determine how or when the Federal Reserve will taper or end their monetary experiment, we wanted to juxtapose statements that were made today with the actual facts. Readers can draw their own conclusions.
Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.
Yen futures had moved to support levels against the dollar and had held support for the past few weeks as investors awaited an impetus to push the currency pair down to new levels. On a cash basis, the USD/JPY broke through 100 yesterday.
Blackstone Group LP, the world’s biggest buyout firm, said first-quarter profit rose as market gains lifted the carrying value of its holdings. The shares fell after the company said a lackluster economy may curtail investing.