Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The U.S. central bank needs to keep monetary policy easy to raise the public’s inflation expectations even after the current bout of inflationary pressures from supply-chain disruptions fades, Federal Reserve Bank of Chicago President Charles Evans said.
Moment of Truth for U.S. Congress on Government Funding, Debt, Biden AgendaSep 27, 2021 - 08:06:52 PDT
The U.S. Congress faces a showdown on Monday over government spending and debt, opening a week that could also include action on President Joe Biden's sweeping social agenda if Democrats can resolve internal divisions about the package.
Inflation: ECB Member Says the Central Bank Needs To Be ‘Even More Conservative’Sep 27, 2021 - 08:02:27 PDT
The central bank is currently under some pressure given that consumer prices have spiked in recent months. Euro zone inflation hit a 10-year high in August, coming in at 3% from a year ago.
Boston Fed President Eric Rosengren, one of the senior Fed officials caught up in the trading disclosures scandal earlier this month, has abruptly decided to retire on Sept. 30, newswires report.
After July's disappointing dip, US Durable Goods Orders were expected to rebound in early August data released today, and rebound they did with a big 1.8% MoM bounce (vs +0.7% expected), and July's 0.1% drop was revised up to a 0.5% MoM rise..
The bottom line is the Fed tapering QE4 isn’t bearish for gold at all. Slowing extreme money printing is a far cry from actual Fed tightening. The FOMC isn’t even considering unwinding QE monetary excesses through QT or launching a new rate-hike cycle.
Sep 27, 2021 - 06:04:32 PDT
The rate of cost inflation was the quickest for four months, and the second- highest on record, as supply chain disruptions and..
Why China’s Evergrande Crisis Could Be Worse Than the U.S. Crash: BloombergSep 27, 2021 - 05:44:53 PDT
With 30% of its GDP at risk, China’s economy is more vulnerable to a real estate bust than either America’s or Japan’s was when their bubbles burst.
U.S. households have been reducing debt since the Great Financial Crisis of 2008. Or have they? The explosion in public sector and corporate debt over the course of World War C has grabbed all the headlines but, for households, it’s been a rather different story.
If lawmakers want to bankrupt the country, raise our taxes, and waste our money, they ought to at least be upfront about it.
President Joe Biden says that talks over his $3.5 trillion rebuilding plan have hit a “stalemate" in Congress as he made the case for his expansive effort to recast the nation's tax and spending programs and make what he sees as sweeping, overdue investments.
Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high.
Wall St Week Ahead Fed’s Coming Taper Fans Talk of Renewed ‘Reflation’ TradeSep 27, 2021 - 05:34:52 PDT
The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021.
China’s economic momentum remained stable in September but domestic spending is weakening amid stringent virus control measures and tightening curbs on the property market.
If the federal government can’t pay all its bills because of a political standoff, options include some measures Jerome Powell has called loathsome.
The central bank in Bogota is all but certain to join peers on Thursday and deliver its first hike in half a decade. Around the same time, Banco de Mexico is likely to raise for a third straight meeting after mid-month inflation jumped.
The rand is taking a bigger hit than most of its emerging-market peers as an energy crisis and Chinese growth concerns batter the South African currency and worsen the country’s inflation outlook.
Oil rallied at the start of the week’s trading on signs that the crude market is tightening amid a global energy crunch.
Cryptocurrency Exchanges Scramble To Drop Chinese Users After Beijing’s BanSep 27, 2021 - 05:19:24 PDT
Beijing's new blanket ban on all cryptocurrency trading and mining - the broadest yet by a major economy - has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients. Industry executives noted, however, that many companies had already shifted key portions of their business outside China.
Traffic on the road to higher Treasury yields appears finally to be clearing up as central banks edge closer to ending emergency pandemic policies.