North Carolina House Republicans want state savings held as gold bullion. A bill would study establishing a state gold depository.
Following the dot-com mania of the late 90s, the Nasdaq reached a closing high of 5,048.62 on March 10, 2000. The Nasdaq then proceeded to lose 78 percent of its value over the next 2-1/2 years. It reached a closing low of 1,114.11 on October 9, 2002.
The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.
Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending. Original Article: "The Republican Debt-Ceiling "Deal" Is Exactly What We Expected"
Lead chart adapted from Wikipedia German Federal Election Polls. Support for Alternative for Germany, AfD, a right-wing political party is on the rise, primarily at the expense of the Green Party.
The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to …
Gold prices edged higher on Wednesday on expectations of an interest rate pause at the Federal Reserve's policy meeting concluding later in the day, while a softer dollar also boosted bullion.
Skipping a rate hike "could potentially be the least desirable" of three options available to the central bank, the top economist said Monday.
After a mixed picture from CPI data yesterday (headline down big, core still sticky, supercore rising), PPI was expected to continue to decline in data this morning for May, and it did bigly... Headline PPI fell 0.3% MoM in May (way more than the 0.1% drop expected), which dragged the YoY PPI to just 1.1%. That is the lowest since Dec 2020...
As economic conditions soften the state’s credit picture is less favorable, said Conning & Co. in its annual report analyzing the credit health of all 50 states released on Tuesday. The investment firm lowered the municipal sector’s outlook to “declining” from stable.
The stock-market boom won't last, the economy will suffer a mild recession, and the Fed won't raise interest rates any higher, Jeremy Siegel says.
Prices at grocery stores and restaurants ticked up 0.2 percent last month from April, an increase after prices remained flat the two months before.
China is ramping up policy stimulus to boost its faltering economy, although soaring debt levels and concerns about financial stability mean the measures are likely to be limited compared with support packages in previous downturns.
With UK economic data this week suggesting that the Bank of England has a lot more to do to get inflation under control, the yield spread of sterling investment-grade bonds over their dollar peers has been widening fast.
Riskier bonds issued by banks are recovering further from the turmoil caused by US regional lenders and Credit Suisse Group AG’s crisis, offering some of the best gains in debt markets and as demand returns for new deals.
There's only one show in town today: Jerome Powell's mystery monetary tour. Powell's Federal Reserve is embarking on something of a new era: instead of the strong "forward guidance" that has steered markets in recent years, officials have said they'll become more "data dependent".
Trading in options on US short-term interest rates heated up before and after May inflation data released Tuesday, with notable flows including apparent unwinds of wagers on Federal Reserve rate cuts later this year amid continued positioning for a pause in the hiking cycle on Wednesday.
...after a brief airpocket three months ago when credit card debt saw its lowest increase in over two years, revolving consumer credit has exploded higher and the last two months have seen a near-record increase...
The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation.
Along with its policy decision, the Fed will release a new Summary of Economic Projections, or SEP as it is known to investors. And within this SEP is the Fed's "Dot Plot," or outline of where Fed officials think interest rates will be at the end of the year and each of the next two.