Tapering Impact on FX, Gold; High Credit Scores Drive Housing Sep 16, 2021 View in your browser Tapering Impact on FX, Gold; High Credit Scores Drive Housing By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group FX, Gold Market Volatility Could Rise With Tapering U.S. jobs recovery could slow down in second half of 2021. Fed expected to stay on course to taper asset purchases by end of 2021. ECB likely to begin tapering soon amid inflation concerns. Tapering by central banks, higher rates could impact FX and gold markets. Watch video Housing Gets Boost From High-Income Buyers Home prices have soared 19% from a year ago amid low mortgage rates. Mortgage originations grew the most among those with high credit scores. 2002-2008 housing boom was driven by average or below-average credit scores. Shelter costs have been lagging behind CPI despite surge in home prices. Watch video SEE MORE ANNOUNCEMENTS
