Precious metals news

At 4:30 AM on Monday, Econoday noted Jerome Powell Delivered a Prepared Speech.

Interest rates are low, does that mean it's a good time to borrow?

Treasury traders are looking for Federal Reserve Chair Jerome Powell to provide some calm after a volatile few sessions that have sent yields on what one bank described as a “roller-coaster ride.”Ten-year yields have swung in a 25-basis-point range in the past three sessions, having initially been thrown higher by the Fed’s comments that brought forward...

The reflation narrative that’s been a key driver of global risk rallies took a detour after the Federal Reserve’s hawkish pivot. Investors are split over whether the trades are now heading back to the highway or down a blind alley.Markets are regaining their footing again as stocks bounce back. The Fed’s hints at a gradual tapering of stimulus, including a pair of interest...

The US government continues to borrow money at a frenetic pace in order to cover its massive spending spree. It runs huge deficits month after month and there is more spending coming down the pike. The national debt is over $28 trillion and it is about to begin surging upward again. But with the exception of a few contrarians, most people don't worry about the national debt. The conventional wisdom seems to be that since none of the doomsday predictions about skyrocketing debt haven't come to pass, there's nothing to worry about.
Of course, nothing is a problem until it is. And even if the borrowing and spending don't ultimately precipitate a crisis, it is undermining the economy. The bottom line is more debt means less growth.

Gold traded nearly flat as the dollar strengthened ahead of testimony by Federal Reserve Chair Jerome Powell, who may provide more clues as to the future path of monetary policy.Inflation had picked up but should move back toward the Fed’s 2% target once supply imbalances resolve, Powell said in written remarks prepared for his Tuesday testimony...

Federal Reserve Chair Jerome Powell on Tuesday will testify in a congressional hearing likely to focus on how the U.S. central bank is balancing rising inflation risks with its promise to ensure the economy recovers all the jobs lost after the onset of the coronavirus pandemic...

European Central Bank (ECB) policymakers are still some way apart on their new inflation strategy but hope to reach an agreement before debating the future of their pandemic-fighting programme in September, sources told Reuters.

Federal Reserve Chair Jerome Powell said inflation had picked up but should move back toward the U.S. central bank’s 2% target once supply imbalances resolve.“Inflation has increased notably in recent months,” Powell said in written remarks prepared for his Tuesday testimony before the House Select Subcommittee on the Coronavirus Crisis, citing increases...

Financial regulators assured President Joe Biden on Monday that the U.S. financial system is in good shape and that financial risks are being mitigated by strong liquidity in the banking system, the White House said.

Is inflation "transitory," the result of a quickly recovering post-pandemic economy as Jerome Powell insists? Or is it a long-term phenomenon resulting from loose monetary policy that's not about to abate anytime soon? Peter Schiff recently participated in the "great inflation debate" on RT's Cross Talk with Peter Lavelle, along with American Institute for Economic Research economist Pete Earle and Renaissance Capital economist Sofia Donets.

Powell said in testimony prepared for delivery to Congress on Tuesday that the economy is growing but faces continued threats from the pandemic.

If those inflationary pressures are hotter than Fed officials think, it would force them into tightening policy faster than they would like. That would hit the stock market and broader economy, both of which are dependent on lower rates. A tight Fed would drive up borrowing costs for a government that has been on a spending binge over the past year and wants to do even more with infrastructure.

Since Friday, China has stepped up its efforts to rein in the country's cryptocurrency industry from mining bans to warnings to financial institutions.

The 10-year U.S. Treasury yield sat below 1.50% on Tuesday morning, as investors awaited Federal Reserve Chairman Jerome Powell's testimony to Congress.

Bitcoin was down 8% to $29,674.25, according to Coin Metrics. Traders had warned a break below $30,000 could lead to more losses.

The world is sitting on top of a massive amount of "Overstated" oil reserves.  This will also be a key factor in pushing the global economy over the ENERGY CLIFF.  Unfortunately, virtually no one is prepared for the implications of the Energy Cliff on the economy and asset prices.  In this Important Energy Update...

The Silver Institute has since 1990 published World Silver Survey, an annual report on the global silver market. The Survey provides market participants with supply and demand statistics for key sectors of the silver market, as well price and trade data.

Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the year.

Since the 1980s, slower economic growth in the industrial countries has been accompanied by declining interest rates. They have even turned negative in more recent years. At the same time, investment, productivity, and real GDP growth all have slowed.