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The US economy will see “a little higher” inflation this year as the recovery strengthens and supply shortages drive up prices in some sectors, but Fed Chair Jerome Powell said in a letter to Senator Rick Scott on April 8 that the Fed is committed to minimizing any overshoot.
According to Refinitiv IBES data released on Tuesday, Europe Inc earnings are estimated to have increased by a record 61 percent in the first quarter of 2021, as the global economy recovers from the extreme downturn caused by the coronavirus pandemic.

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The dollar dropped to its lowest level against major currencies in over two years on Thursday, as the Federal Reserve maintained its current policy stance, while expectations for further U.S. stimulus and a post-Brexit trade agreement increased demand for riskier assets.
The main averages had just finished a session that saw all three indices end at fresh all-time highs. The Dow gained 148 points, or 0.49 percent, during daily trading hours. The S&P 500 and the Nasdaq Composite also reached new intraday and closing highs, rising 0.58 and 0.84 percent, respectively.
On Thursday, gold prices rose more than 1% to a one-month high as the dollar fell on expectations of more coronavirus relief aid and the US Federal Reserve’s promise to pump more cash into the economy while keeping interest rates down.
In the week ended Dec. 12, 885,000 people applied for unemployment insurance for the first time, the highest number since Sept. 5. Dow Jones polled economists, who predicted that initial claims would drop to 808,000.
Last month, housing starts increased 1.2 percent to a seasonally adjusted annual rate of 1.547 million units, according to the Commerce Department. This pushed homebuilding closer to its February rate of 1.567 million units. On a year-over-year basis, homebuilding increased by 12.8 percent.

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So, if most providers and clients are hunkered down at home, what, if anything, is there to read on the comment boards that used to buzz with regular feedback, revelations, and debate??? I spent some time looking through four of the most popular review sites for NYC hobbyists, and here’s what I discovered:
Since there aren’t many new sessions to study, the focus has moved to the discussion pages. Unfortunately, there is little to speak about in the discussion session, and several threads seem to have devolved into political discourse. Although moderators have done a commendable job of attempting to “ring fence” political discourse into a single, board-wide thread, ideological squabbles continue to erupt in numerous local threads.
The number of new reviews dated after the shutdown in the review sections is either zero or low, depending on the venue. The Manhattan Reviews site, for example, is almost entirely comprised of reviews from previous sessions from January, February, or early March. For obvious purposes, reviews of providers that are still available are the unusual exception.

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As the possibility of new pandemic-related lockdowns spurred worries about the global recovery, the euro and the Australian dollar dropped against the greenback, and equities on Wall Street followed Asian and European stock markets lower.
The novel coronavirus has infected more than 30.78 million people worldwide, prompting British Prime Minister Boris Johnson to consider a second national lockdown on Monday, while cases in Spain and France have also increased.
On Monday, the market’s September sell-off accelerated, with the Dow Jones Industrial Average falling 500 points, its worst day since September 8. The S&P 500 index fell 1.2 percent, its first four-day losing streak since February. After a late-day rebound, the Nasdaq Composite fell just 0.1 percent.
Investors have become increasingly concerned about the pandemic, with reports that the UK is planning another national lockdown as regular new infections increase. Meanwhile, the chances of more US coronavirus fiscal stimulus have dimmed as lawmakers prepare for a Supreme Court confirmation battle as President Donald Trump rushes to name a replacement for Justice Ruth Bader Ginsburg, who died on Friday.

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