Gold has all the potential to go unprecedentedly high. But silver will be gold on
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In October, retail sales surged much higher than expected, rising 1.7%. The mainstream gushed over retail spending, asserting that it was a sign that the economy is booming. At the time, I argued that it wasn't necessarily good news.Well, the news just got even worse. Retail sales in November disappointed, despite another big surge in inflation.
The Federal Reserve is set to launch its war on inflation. But it looks like it's carrying a pea-shooter to a gunfight.Or as Peter Schiff put it, a dove can't change its feathers.
Gold futures were trading sharply higher on Thursday, as the U.S. dollar weakened and Treasury yields held steady after the Federal Reserve policy update Wednesday. The rise for bullion came despite the Fed announcing plans to more aggressively slow its bond purchases and projecting three interest-rake hikes next year. Analysts speculated that gold might be getting support...
After dropping to its lowest since 1969 in the prior week, the number of Americans filing for jobless benefits for the first time rebounded last week to 206k (from an upowardly revised 188k). This was worse than the expected 200k.
Deutsche Bank takes a crack at predicting the next U.S. recession as the Federal Reserve begins to raise interest rates in 2022.
The greenback is set for its biggest annual gain in six years and its rally appears to be far from over, market participants say. The prime mover: a hawkish Federal Reserve that’s drawn a roadmap of interest-rate increases over the next three years, while other central banks look much more reticent to withdraw stimulus.
Inflation in the country of 84 million is now at more than 21% and has climbed steadily as President Recep Tayyip Erdogan has refused to raise rates.
Swiss National Bank Sticks to Loose Policy, Diverging From Fed and OthersDec 16, 2021 - 05:24:01 PST
ZURICH (Reuters) -The Swiss National Bank stuck to its ultra-loose monetary policy on Thursday, diverging from the tightening path being taken by a growing number of central banks and despite higher inflation and a surge in the value of the safe-haven Swiss franc. The SNB said its current policy, combining the world’s lowest interest rates with currency market interventions...
The European Central Bank cut stimulus further on Thursday but promised copious support for 2022, confirming its relaxed view on inflation and indicating that any exit from years of exceptionally easy policy will be slow. The bank said it would continue to cut bond buys under its 1.85 trillion euro Pandemic Emergency Purchase Programme next quarter and will wind down...
The Bank of England was the first major central bank to raise interest rates and tighten monetary policy Thursday, after the Covid-19 pandemic-focused easing of the last two years. The Bank’s policy-setting body raised its key interest rate to 0.25% from 0.1%, the British central bank said in a release. Although an increase in interest rates had long been expected by most analysts...
Inflation hawks rejoice: the Federal Reserve has officially (and quite dramatically, it should be noted) executed a “pivot” on monetary policy, bowing to Wall Street’s demands that it get serious about soaring prices.
Stock futures advanced after the market staged a U-turn in yesterday's trading session, welcoming a Federal Reserve decision to ramp up the pace of its taper and leave interest rates unchanged — for now.
World stocks marched back towards record highs on Thursday as surging inflation saw Britain and Norway hike interest rates after the U.S. Federal Reserve accelerated its stimulus withdrawal.
Dec 15, 2021 - 12:49:12 PST
These ridiculous predictions assume there will not be another recession in "the longer run". I am confident there will be another recession by 2024. Admittedly, I am typically a early in my recession calls. But these clowns never see them and Ben Bernanke denied a major one we were already in. The only faith anyone should have in these Dot Plots is they will be amazingly wrong.
Blowout Oct, as Department Stores Sagged, Auto Dealers Had No Inventory, and Cannabis Stores?
Spiking prices inflate retail sales across the board, but particularly at auto dealers and gas stations.
The Fed’s liquidity fire hose supported the massive government fiscal response to Covid. Through unprecedented asset purchases, the Fed provided enough liquidity to allow the U.S. Treasury to increase its debt burden grossly at historically low yields. Its actions bolstered asset markets and weighed on the dollar in the process.
The Majority of Fed Members Forecast Three Interest Rate Hikes in 2022 To Fight InflationDec 15, 2021 - 11:47:00 PST
The majority of the Federal Reserve sees three interest rate hikes in 2022, according to the central bank’s so-called dot plot of projections.
Watch Live: Fed Chair Powell Explains How ‘Turbo-Tapering Is Not Tightening’ 2:30pm ETDec 15, 2021 - 11:35:48 PST
The Dots have been moved and the turbo-taper is in play... so there's only one thing left for Fed Chair Jay Powell to do as America heads towards a big pre-Xmas spending week - remind the world (in as dovish manner he can muster) that "tapering (even turbocharged) isn't tightening."
Inflation is really starting to bite. The latest Consumer Price Index -- or CPI -- was released last week, coming out at 6.8%, the highest inflation rate the US has seen in 40 years. Households pinched by these higher prices are asking: When will this stop?
Dec 15, 2021 - 09:12:25 PST
Star stock picker Cathie Wood of Ark Invest struck a defiant tone in a webinar Tuesday in which she repeated her warning that deflation, rather than inflation, will be the largest risk for financial markets and the economy in the year ahead.