Precious metals news

All I can say is “Yikes!!” Something is broken in the US financial system. As I have discussed before, bank deposits are soaring while loan demand is … not.

There is a slowdown in bank lending since The Fed’s intervention in March 2020. Bank credit has slowed since March 2021 resulting in banks parking money with The Federal Reserve in the form of reverse repos.

Financial regulators are making another attempt to minimize the likelihood that central banks have to step in to support key corporate funding markets.

CNBC's "Squawk Box" team discusses the market pullback and economic outlook with Mohamed El-Erian, Allianz and Gramercy advisor.

The U.S. Treasury Secretary Yellen is now also concerned about hotter inflation and the housing market. On late Thursday, Yellen said in an interview that she sees ‘several more months of rapid inflation’ before easing and she is quite worried about higher prices of homes as it may affect the affordable housing segment going forward.

“This major middle-class tax relief and step in reducing child poverty is a remarkable economic victory for America—and also a moral one,” Yellen said. 

Brad Sherman, a California Democrat in the House of Representatives, was saying what many in his party privately believe when he called for President Joe Biden to reappoint Jay Powell for a second term as chair of the Federal Reserve.

(Bloomberg) -- The Federal Reserve may be downplaying the risk of lingering inflation, but those with arguably the best vantage point -- the companies themselves -- are taking a less optimistic view of rising prices.Just last week, Conagra Brands Inc. and PepsiCo Inc.

So the fact that homebuilders are starting to crack means that message of reality is creeping in.

Gold prices reversed course to trade at a near one-week low on Monday as investors sought comfort in the U.S. dollar amid rising coronavirus cases.

In the fracturing American economy, any property can inspire a bidding war — and shut some people out.

The Chinese People’s Liberation Army and Navy held joint amphibious landing exercises on Friday, a day after a second U.S. military aircraft landed on Taiwan in less than two months, the Communist Party-backed Global Times reported Sunday.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/e8fc84b4-7faf-4e15-bfc2-8f51874d5daa Though economists expect the reopening boom in the global economy to roar through the coming quarters, there are two increasingly pressing reasons to question its strength and length: China and the US. The two superpowers are the locomotives of global growth, but cracks are appearing in their economic engines.

U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on Friday.

U.S. Treasury yields dipped on Monday morning, with the 10-year falling to around 1.27%.

Weak market breadth is a signal that investors should hide out in defensive stocks, according to Morgan Stanley.

The clear up has barely begun after extensive flooding in Germany and beyond but already the costs — both human and economic — are staggering.

A new alliance of NATO members, the European Union, Australia, New Zealand and Japan will confront the threat posed by Chinese state-sponsored cyberattacks.

U.S. stock index futures fell aggressively on Monday on concern a rebound in Covid-19 cases would slow global economic growth. The selling in futures increased as the morning progressed with Dow Jones Industrial average futures now down about 450 points.

The US government continues to borrow and spend at a torrid pace, running massive deficits month after month.
The US national debt currently stands at nearly $28.5 trillion. That doesn't account for the trillions of unfunded liabilities. And there is no end to the spending in sight. There are trillions of dollars in new spending programs coming down the pike.