News 

Apple’s App Store fees are coming under increasing pressure from Spotify, Netflix, and regulators.

“Fortnite”/Epic Games But the fees charged by Apple, Google, and other app store operators like Steam have been coming under increasing pressure” writes Troy Wolverton for businessinsider.com. A slight reduction in Apple’s App Store rates won’t hurt the company very much, Kelley said.Michael Loccisano/Getty Images/Spotify Apple’s App Store commissions make up the biggest component of its services business, accounting for about 30% of its total revenue, Kelley estimated. Source: businessinsider.com

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Commerce’s Ross says census question aimed at Voting Rights Act enforcement

“In written testimony, Ross told the House Committee on Oversight and Government Reform that he determined that this goal outweighed any reduction in census response rates that may result from the decision” writes Midwest Communications Inc for 95kqds.com. And I determined that the importance of that goal outweighed any potential decrease in self response rates that may result from people violating their legal duty to respond to the decennial census,” Ross said in his written remarks. Source: 95kqds.com

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Mortgage rates skid to lowest level in a year

“Mortgage rates skidded last week to the lowest level in a year” writes D C for marketwatch.com. Freddie Mac said the 30-year benchmark mortgage rate fell 10 basis points to 4.31% in the week ending March 14.The 15-year fixed rate fell to 3.76% from 3.83%, while the 5-year hybrid adjustable rate mortgage fell to 3.84% from 3.87%. “Mortgage rates declined decisively this week amid various market reports, a strong bond auction and further uncertainty around the Brexit deal, which all contributed to driving bond yields lower,” said Sam Khater, chief…

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Markets News 

The latest yield curve inversion is yet another warning in the bond market — an expert says it’s one of ‘four horsemen’ predicting recession

“The yield curve inverted between the two- and 10-year yield before the recessions of 1981, 1991, 2000, and 2008” writes Callum Burroughs for businessinsider.com. Now, there’s another alarm: The five-year US Treasury note yield has been lower than the three-month Treasury bill yield since March 7.Here they are: What’s so worrying about a yield curve?. The latest curve inversion is what Harvey calls one of “four horsemen” predicting potential recession. The yield curve inversion needs to stay in place until the end of June to indicate a recession will occur…

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News Regulators 

Hong Kong spends nearly $700M to boost currency

“The Hong Kong dollar recently traded at 7.8498 per U.S. dollar” writes Saumya Vaishampayan for marketwatch.com. The Hong Kong Monetary Authority intervened for the first time this year late last week, selling U.S. dollars to buy 1.51 billion Hong Kong dollars ($192 million) in London and New York trading hours on Friday.The authority moved to prevent the Hong Kong dollar from weakening beyond 7.85 to the U.S. dollar–the weakest level allowed under the financial hub’s currency peg. Source: marketwatch.com

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News Regulators 

Muted inflation is taking Fed out of the picture for bond buyers

“Expectations for shifts in U.S. central bank policy usually dictate where Treasury yields are headed” writes Sunny Oh for marketwatch.com. See: Inflation perks up in February to four-month high, CPI shows Without having to worry about inflation and an aggressive Fed, investors have steadily moved into bonds.Another round of lackluster inflation data on Tuesday helped affirm suspicions that the Federal Reserve is now a peripheral player in the bond market.Slow inflation growth can limit the corrosive influence of price pressures on bond’s fixed-interest payments and diminish the possibility of rate…

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Want to lower your tax rate? Consider these 3 things

“At the end of 2025, most of the favorable 2017 tax rate changes will expire” writes Adam Grossman for marketwatch.com. Where you do have more control, however, is with your tax rate once you’re retired.But keep in mind that, historically, estate tax rates have seen more frequent and more significant changes than income-tax rates.Unless Congress acts to prevent it, personal tax rates will revert to 2017’s levels. Source: marketwatch.com

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Annual inflation rates increase 1.7% to reach 13.9% in February 2019: CAPMAS

“The annual inflation rates increased 1.7% to reach 13.9% in February 2019, compared to 12.2% in January 2019, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)” writes Hossam Mounir for dailynewsegypt.com. The increase in the annual inflation rate is the second consecutive increase after a decline in November and December 2018.The annual inflation rate recorded 14.3% in February 2018.Moreover, the monthly core CPI inflation, computed by the Central Bank of Egypt, recorded 1% in February 2019 compared to 0.4% in January 2019, while the annual core inflation…

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Knife crime offenders evade justice as murder rates soar

“Knife crime offenders are escaping justice in areas of Britain with some of the highest murder rates, new figures show” writes Steve Bird for telegraph.co.uk. However, many of those forces in England and Wales that have seen the sharpest decline in charge rates have also suffered some of the highest murder statistics linked to stabbings.The analysis of Home Office data will add to claims that police are struggling to cope with the rise in violent street crime. It will also renew calls for officers to be given emergency stop and…

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Live NFP Coverage: Expecting low job growth, higher wages, and what about USD?

“The US economy is forecast to have gained around 180K new jobs in February after an excellent increase of 304K positions in January (before revisions)” writes Yohay’s Google Profile for forexcrunch.com. The unemployment rate rose last time to 4% but with an increase in the participation rate.And speaking about rates, an upbeat NFP could push the Fed to raise rates later in the year. Source: forexcrunch.com

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