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Strategists Slash U.S. Yield View Again Despite Fed’s Inflation Focus: Reuters PollApr 12, 2023 - 05:50:34 PDT
U.S. Treasury yields will trade sharply lower a year from now than was forecast just a few weeks ago, according to fixed-income strategists polled by Reuters, who also expected the U.S. yield curve to steepen further. Yields on U.S. 2-year Treasury notes have plunged over 100 basis points following the failure of some regional U.S. banks last month.
US Treasury Secretary Janet Yellen shrugged off recent banking spasms to declare the economy better off than six months ago, saying she didn’t believe the banking turmoil had restricted the availability of credit in the US.
Warren Buffett said more US banks are likely to fail, but depositors should be confident they won’t lose any of their funds.
Housing Is So Unaffordable Banks Are Losing Money for Each Mortgage They Finance for the First TimeApr 12, 2023 - 05:44:05 PDT
New data shows mortgage financiers lost an average of $301 a home loan last year, the first time negative profits were recorded.
Apr 12, 2023 - 05:40:30 PDT
Mortgage applications increased 5.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2023.
The Bank of Japan will continue monetary easing to achieve its 2% inflation target accompanied by wage hikes in a sustainable and stable manner, new deputy governor Shinichi Uchida said on Wednesday. The comment followed Ueda's view earlier that it was appropriate to maintain the central bank's ultra-loose monetary policy for now as inflation has yet to sustainably mee...
Currency traders may be looking forward to a far more relaxed time than other markets counterparts around Wednesday’s US inflation data amid expectations that any upside in price pressures would fail to sustain gains in the dollar.
Traders are piling into China’s government bonds, driving benchmark yields to the lowest since November on bets that more monetary easing may be on the way.
The euro area faces a risk of entrenched inflation that the European Central Bank is determined to combat by keeping interest rates high for a sustained period, Governing Council member Francois Villeroy de Galhau said.
The Federal Reserve will offer new insight Wednesday into how policymakers reached one of their most difficult decisions in years, shrugging off bank failures that roiled markets last month to deliver a quarter-percentage-point rate hike amid signs of stubborn price pressures.
The largest US banks are about to reveal how they fared as customer deposits came under siege in the first quarter.
Federal Reserve Bank of New York President John Williams has dismissed the idea that the central bank’s rapid fire interest rate increases were behind last month’s failure of two US banks. The International Monetary Fund begs to differ.
Inflation Data Will Shatter the Stock Market Calm, Goldman Partner WarnsApr 12, 2023 - 05:20:11 PDT
This week’s lull in the US stock market is likely to end with Wednesday’s consumer price index report, and Goldman Sachs Group Inc. partner John Flood has offered a set of guidelines for what investors may soon face.
Here Comes the CPI Report: Inflation Data Expected to Show Continued Signs of Cooling in MarchApr 12, 2023 - 05:17:48 PDT
Wednesday's data could help determine the pace of the Federal Reserve's interest rate hikes in its battle against inflation.
U.S. stock futures wavered ahead of key inflation data out Wednesday.
The ink wasn't even dry on the newly printed money to bail out the banking system before people came out of the woodwork to blame the failure of Silicon Valley Bank and Signature Bank on "deregulation."But is the deregulation boogeyman really to blame?In a word, no!
Price inflation continued to cool with March headline annual CPI coming in at 5%. This was lower than expected and may give the Federal Reserve some wiggle room to slow down or even end rate hikes.But it's a mirage.Despite the cooling trend, price inflation remains well above the Fed's target and victory in the inflation fight isn't imminent.
Gold was up 9.2% to a quarterly average of $1,980 an ounce in the first quarter of 2023. This was just 1% off the record high charted in Q3 2020.
The dollar rallied and gold sold off on Monday after the March labor report came in at expectations and comments by the new Bank of Japan governor indicated he plans to continue the country's ultra-loose monetary policy. In his podcast, Peter explains how traders continued to get both jobs and inflation wrong.
Mike Maloney is the founder of GoldSilver.com, one of the world’s most popular online bullion sites - but he has also been buying Bitcoin since 2014. Find out what he thinks about Bitcoin’s recent move above $30,000 and why he fears that a massive ‘witch-hunt’ is well underway in the crypto space. Has Mike sold all of his Bitcoin? What has he done to maximize not only his gains, but his ability to sleep at night?