Poonkulali Thangavelu

RT @CNBC: U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2% https://t.co/cLgQlmVTVK

RT @joncoopertweets: These Trump tariffs are getting out of hand. #TrumpTariffs https://t.co/DXtA7rcXCo

RT @CNBC: Trump to impose tariffs of at least 10%, higher reciprocal rates for some countries: Live updates https://t.co/lO2Nk7ppdW

RT @LizAnnSonders: March ISM Manufacturing PMI down to 49.0 vs. 49.5 est. & 50.3 prior … new orders down to 45.2 vs. 48.6 prior; prices pai…

The last issue of Stock Takes looked into Rocket Companies' Redfin acquisition and wrote that the company is touting its financial flexibility to make investments aggressively when competitors hold off. https://t.co/qhWtrsAXBB

Rocket Companies reports a deal to acquire mortgage servicer Mr. Cooper, formerly Nationstar Mort., for $9.4 billion in an all-equity deal. This follows on the heels of its Redfin deal. These deals, if cleared, will provide consumers synergies + an integrated homebuying process.

RT @ChicoER: US inflation remained elevated last month as consumer spending recovered https://t.co/5I0yaUtJ3m

RT @MarketWatch: Durable-goods orders pop as U.S. manufacturers race Trump tariffs https://t.co/fqk6O5VN2Q

Will Rocket Companies hit a home run with Redfin acquisition? Stock Takes looks into how the acquisition, and AI integration into Rocket's operations, might benefit Rocket and its stock: https://t.co/cqw46vFsHs

RT @LizAnnSonders: February new homes sales +1.8% m/m vs. +3.5% est. & -6.9% prior (rev up from -10.5%) … median price down to $414,500; mo…

RT @NAR_Research: Existing-home sales ascended in February. For both monthly and year-over-year sales, two major U.S. regions experienced g…

#FOMC: Powell says Fed is well-posiitioned to move. Forecasting is hard and uncertainty is "remarkably high" right now. Financial conditions matter to Fed, but material changes to actual economic conditions matter more. Fed doesn't dismiss surveys, but focuses more on hard data.

Powell says there is not a big change in Fed forecast, Fed is in touch with businesses, sentiment has fallen, with new administration making big changes in policy. Actual activity hasn't fallen. #FOMC b/s runoff decision not sending any signal.

Powell says #FOMC doesn't dismiss data it doesn't like. Michigan consumr sentiment data is an outlier. Have to separate signal from noise. Signal is what actual impact tariffs will have on economy. There can be noise and it can be difficult to read how much inflatn from tariffs.

#FOMC: Powell says there's a difference between pandemic-influenced inflation, tariff-influenced inflation. Always a possibility of a recession, question is whether the possibility is high in this situation, forecasts have moved up possibility, but not high.

#Powell says it's really hard to know how things will work out. The cost of waiting, considering that the economy is solid, is low. Hiring rate is low, layoffs also low. If there is meaningful increase in layoffs, cd. raise unemployment, but market is still balanced.

#FOMC: Powell notes inflation has started to move up a bit, partly in response to tariffs. Plenty of times survey data don't translate into real data. Fed policy is in a good place and will wait for greater clarity about what the economy is doing.