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The Definitive Guide to the Fed-Verse: Who’s Who at the Crucial Central Bank: Barron'sJan 13, 2023 - 05:32:07 PST
A Barron’s breakdown of what to watch, whom to listen to, and how to decipher it all as the Fed embarks on a pivotal year of policy making.
China's central bank is likely to at least maintain current liquidity in the banking system on Monday through its management of medium-term policy loans, while keeping borrowing costs unchanged for a fifth straight month, a Reuters survey showed. The People's Bank of China (PBOC) would be keeping an eye on routinely high pre-holiday cash demands of households...
Japan Yields Break Central Bank Ceiling as Markets Press for Policy ShiftJan 13, 2023 - 05:27:40 PST
The yield on Japan's benchmark 10-year government bonds breached the central bank's new ceiling on Friday in the market's most direct challenge yet to decades of uber-easy monetary policy, before a wave of emergency bond buying reined it back in. Swirling speculation that the Bank of Japan's policy of yield curve control (YCC) could be revised, or even abandoned...
Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months.
The Federal Reserve is on track to downshift to smaller interest-rate increases following a further cooling in US inflation, though it’s likely to keep hiking until price pressures show more definitive signs of slowing.
This downtrend in price increases suggests that, at last, the Federal Reserve's inflation-fighting interest rate hikes seem to be working. But this tool likely won't be enough to bring inflation down to levels consistent with the Fed's 2% target. At least not in the view of a growing number of investors.
Wall Street equity futures dropped and European stocks pared gains as optimism over less-aggressive rate hikes amid cooling inflation ran into concerns over the weaker outlook for US bank earnings.
The Federal Government ran a deficit of -$85B in December. While this was much smaller than the deficit posted in November, it marks one of the largest December deficits ever. That pushed then 2022 calendar year deficit to over $1.4 trillion.
The CPI cooled again in December driven by a massive fall in Energy prices. As shown below, the fall in Energy has been a big reason for the recent drop in inflation. Commodities have also been a driver down as Used Cars and Trucks fell -2.5% MoM and -8.8% YoY. That said, stickier items like Shelter continue to increase.
The headline numbers from December's CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that "cooling" price inflation is most likely transitory and the markets still don't really understand the Fed's position. He also gives an overview of gold's performance in 2022.
THE MOUNTAIN OF SILVER: Introduction On How Spanish Silver Production Changed The World During 16th & 17th CenturyJanuary 13, 2023
While many know about the rise of the Spanish Empire due to the tremendous silver and gold wealth that came from Mexico and the Americas during the 16th & 17th centuries, few understand the impact this had on Europe and the world. Ironically, the massive influx of silver into Spain and Europe was both a blessing and a curse...
Silver and gold were featured in a mainstream news article recently, and as Mike Maloney shows in today’s video - it is proof that they really don’t know what they are talking about.
Jan 12, 2023 - 13:07:28 PST
We present our Monthly Gold Compass for January 2022, packed with our popular charts!
Jan 12, 2023 - 12:56:36 PST
Gold held up "exceptionally well" in 2022, according to Frank Holmes of US Global Investors, and in 2023 he expects the yellow metal to thrive. However, it's silver that he thinks will really shine.
Bullion Star researcher Ronan Manly writes today that China's announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world's largest gold reserve.
In response to the U.S. government’s weaponization of the dollar through such measures as sanctions and trade wars, China, along with Russia and other nations, are making efforts to dethrone the dollar as the world’s international reserve currency. For example, Russia and China are now using the Chinese yuan, rather than the dollar, for payment for Russian oil...
Retail investors are turning to gold with the precious metal continuing to march towards all-time highs.
Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve’s pace of interest-rate hikes.
Jan 12, 2023 - 12:45:16 PST
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, remarks that silver as an investment is even more explosive now that multi-billionaire Elon Musk is promoting the monetary metal, especially as the major silver exchange-traded funds are falling under suspicion.
Wells Fargo, Once the No. 1 Player in Mortgages, Is Stepping Back From the Housing MarketJan 12, 2023 - 12:39:48 PST
It's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.