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The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year yesterday without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play for at least two more months.
Gold Extends Drop Powell Wipes Out This Year’s Gains, Goldman Upgrades Price Forecast to $2,150Jan 27, 2022 - 06:09:33 PST
Goldman Sachs Group Inc. raised its 12-month outlook for gold to $2,150 an ounce from $2,000 following Powell’s comments on expectations for slower U.S. growth, a rebound in emerging markets excluding China and faster inflation.
US GDP Soared In Q4 To 6.9% Despite Omicron, Driven By Huge Inventory AccumulationJan 27, 2022 - 06:02:37 PST
And while the US economy closed on a high note, it's all downhill from here, with sellside expectations for Q1 2022 looking much more ominous, somewhere in the 2% range, a number which we expect will continue sliding over the next 2 months potentially turning negative some time around the March FOMC.
After jumping to the highest since October, initial jobless claims were expected to drop last week and did so, falling to 260k (from a revised higher 290k the previous week). Non-seasonally adjusted claims crashed back down as perhaps signs of Omicron anxiety are fading.
After an unexpected 2.6% MoM surge in November, preliminary December data for US Durable Goods Orders was expected to show a contraction of 0.6% MoM. Analysts got the direction right but the magnitude was far larger as orders tumbled 0.9% MoM...
How much further is the Federal Reserve willing to let stocks slide? That’s the burning question of the moment for financial markets, and Greg Jensen, co-chief investment officer at Bridgewater Associates, has an answer: as much as 20% more.
The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year yesterday without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play for at least two more months.
Bonds tumbled across the world on Thursday after Federal Reserve Chairman Jerome Powell’s latest hawkish pivot, with yields from Wellington to London breaching multi-year highs.
Strategists at the world's top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it would tighten policy to clamp down on inflation. The Federal Reserve on Wednesday said it was likely to hike interest rates in March and reaffirmed...
Governor Tiff Macklem was going to risk losing some credibility at this week’s Bank of Canada decision, whatever he did.
Australia Central Bank To Scrap QE on Feb. 1, Wait With Rate Hikes Till November: Reuters PollJan 27, 2022 - 05:39:45 PST
Australia's central bank will end to its bond-buying programme on Tuesday, but is expected to wait till this November before it responds to higher inflation with its first interest rate rise in over a decade, a Reuters poll showed. While Governor Philip Lowe was suggesting as recently as last month that a rate tightening...
Chile’s peso jumped on Thursday after the central bank unexpectedly delivered its biggest interest rate hike since 2001 and signaled borrowing costs will continue to rise higher than many investors had expected.
New Zealand's Inflation Accelerated to the Fastest Pace in More Than 31 YearsJan 27, 2022 - 05:30:12 PST
Annual inflation surged to 5.9% in the final three months of 2021 from 4.9% in the prior period, Statistics New Zealand said Thursday in Wellington. That was the fastest pace since 1990, shortly after the Reserve Bank began targeting inflation to try to contain an outbreak from the previous decade.
Rising inflation in the United States and around the world is forcing investors to assess the likely effects on both “risky” assets (generally stocks) and “safe” assets (such as US Treasury bonds).
How the Fed Can Garble Its Message and Talk Us Into Higher Inflation: MWJan 27, 2022 - 05:17:37 PST
If wage increases accelerate, central banks will be obliged to respond firmly or lose even more credibility, so interest rates will be rising as economies are still struggling to emerge from the pandemic. It is fortunate that Powell has recently been reappointed, as he may not win any popularity contests in 2022.
The Federal Reserve, which is poised to begin hiking interest rates as early as its next meeting, is stuck between the proverbial rock and a hard place. In fact, one could argue that the central bank has at least a few different hard places to avoid crashing into — but two in particular stand out.
TOP SILVER MINERS UPDATE JAN 27th: What's Next For The Mining Stocks & Good Buy PricesJanuary 27, 2022
While many precious metals analysts are claiming the LOWS are in for the mining shares telling their followers it's a good time to get in... I'm afraid I have to disagree. In this Top Silver Miners Update, I provide my technical analysis on the Silver Price and what's next for these five mining stocks...
Goldman Raises Gold Forecast, Says Get Long as Hedge Against ‘Bad Inflation’: CNBC ProJan 26, 2022 - 13:06:09 PST
Goldman Sachs believes that the stage is set for gold to enjoy a big rebound as investors are poised to pile into the inflation-hedging safe haven this year.
Jan 26, 2022 - 12:54:27 PST
Inflation has hit America hard and the economy seems to be reeling. So what’s to happen? Goldman Sachs has a prediction.
All the Fed pledges to do is monitor the situation while hiding behind Covid-19 concerns.