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The US has increased its currency supply by a massive $5 trillion dollars since February of last year. And now inflation is raging at a 13-year high, with the price of many essentials for living -- like food, fuel, housing and health care -- up double digits from last year. Are we now witnessing the death of the dollar?
Our Federal Government’s Balance Sheet: Putting the Cart Before the Horse The Financial Report of the U.S. Government for 2020 included a balance sheet with $6 trillion in assets and $33 trillion in liabilities, leaving a negative net position of about $27 trillion. Those reported liabilities exclude tens of trillions of dollars of unfunded obligations in Social...
With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond purchases, which would “effectively increase interest rates.“
World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics Aug 27, 2021 - 09:41:47 PDT
The world’s largest contract chip maker is raising prices by as much as 20%, a move that could result in consumers paying more for electronics.
U.S. consumer sentiment plunged to its lowest level in nearly a decade in August as consumers' views of their personal financial prospects continued to worsen due to smaller income gains amid higher inflationary trends, a survey showed on Friday.
Treasuries gained and the yield curve steepened as Federal Reserve Chair Jerome Powell continued to underscore risks to the economy even as he signaled that the central bank could begin paring its monthly bond purchases this year.
Gold Jumps After Fed’s Powell Fails To Signal Start of Bond-Buying TaperAug 27, 2021 - 09:31:28 PDT
* Silver set for best week since May. Gold bounced nearly 1% on Friday after Federal Reserve Chair Jerome Powell stopped short of signaling when the U.S. central bank would start withdrawing its economic support and reiterated his view that current price spikes are transitory.
Powell Sees Taper by the End of the Year, but Says There’s ‘Much Ground To Cover’ Before Rate HikesAug 27, 2021 - 07:19:53 PDT
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance.
Key Inflation Gauge Rises 3.6% From a Year Ago To Tie Biggest Jump Since the Early 1990sAug 27, 2021 - 07:09:21 PDT
An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago, meeting Wall Street expectations but also tying the highest level in about 30 years.
Fed's Favorite Inflation Measure Surges At Fastest Pace In 30 Years As Spending, Incomes RiseAug 27, 2021 - 07:09:21 PDT
... some strong and some weak data, so for anyone looking for clear clues as to what the Fed will do today, none of the above will be of help.
Watch Fed Chair Powell Deliver His Key Jackson Hole Economic Speech Live – 10:00 A.M. ETAug 27, 2021 - 06:58:02 PDT
Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank's Jackson Hole symposium.
Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman's speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed's messaging and then moves past the talk to discuss the "here and now" reality. He also spends some time talking more fundamentally about gold as part of an investment strategy.
Gold futures were tilting into positive territory on Friday, ahead of a keynote speech from Federal Reserve Chairman Jerome Powell as a part of a Jackson Hole symposium of global central bankers, which could set the tone for financial assets throughout the remainder of 2021.
Global Bond Funds See Big Inflows on Investor Caution Ahead of Fed’s Jackson Hole MeetingAug 27, 2021 - 05:38:29 PDT
Global bond markets saw their fifth consecutive week of inflows through Aug. 25, as investors grew cautious ahead of the U.S. Federal Reserve's Jackson Hole meeting, waiting for what Chair Jerome Powell might say on Friday about stimulus tapering plans.
Joe Biden’s advisers are considering a recommendation to the president that would pair a second term for Jerome Powell as Federal Reserve chair with the nomination of Lael Brainard as the central bank’s chief regulator, people familiar with the matter said, a plan that could assuage progressives resistant to Powell.Biden has not yet weighed in on Fed...
Many economists and Wall Street investors agree. Some, in fact, are more concerned about the opposite problem: That inflation will decline too far from its current level.
A flood of Treasury options set to expire Friday may dictate the bond market’s reaction to Federal Reserve Chair Jerome Powell’s long-awaited speech on the economic outlook.More than 2 million options in the September 10-year contract, which is 63% of total options open interest in Treasuries, expire by the end of trading Friday, raising the prospect for volatility...
One phrase describes the Fed's pillaging of the nation to benefit the few at the expense of the many: abuse of power.
Fed Is Stoking Another Real Estate Price Bubble That Will Wipe Out Home Equity: Peter Boockvar WarnsAug 27, 2021 - 05:16:49 PDT
Bleakley Advisory Group's Peter Boockvar, who's critical of Federal Reserve policy, sees a troubling inflation trend affecting home prices and rents.