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How the Fed Is ‘Collapsing’ Real Estate Activity With Higher Interest Rates: MWJan 12, 2023 - 05:31:09 PST
Sales volumes of residential and commercial real estate are both tumbling since the Federal Reserve began jacking up interest rates, according to Deutsche Bank.
Oil rose for a sixth day on hopes that US inflation is cooling and amid a spate of Chinese crude purchases.
The Fed’s Benchmark Interest Rate Is Expected to Rise to Over 5% This YearJan 12, 2023 - 05:21:37 PST
The Fed is expected to make another rate hike announcement next month while its benchmark interest rate current sits in the 4.25% to 4.5% range — the highest level in 15 years.
Verdence Capital Advisors CIO Megan Horneman and Arbor Financial Group President Jeff Small join Yahoo Finance Live to discuss market and Fed outlooks for 2023, projections for the S&P 500, and favored international stocks and markets.
The final consumer price index of 2022 is due out Thursday morning, and is expected to show prices rose 6.5% over the prior year in December.As 2022 began, the inflation conversation was centered on whether a rise in prices would prove to be "transitory." The answer was definitive: Inflation was not transitory.
The pace of consumer inflation is expected to have fallen in December due to lower energy prices, but the annual rate was still likely uncomfortably high.
Based on the headline numbers, price inflation cooled again in December, boosting market optimism that the Federal Reserve will continue to ease off the pedal on its monetary tightening. But this could be setting the stage for more price inflation down the road.And a deeper look at the data reveals that a lot of inflationary pressure remains despite the optimistic headlines.
A bill introduced in the Alaska House would exempt gold and silver bullion from local sales tax and make them both legal tender in the state. Ending the sales tax would relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
Precious metals investors who have purchased Official Silver Coins will be holding onto one of the top Hard Assets in the future. Why? Because Official Silver Coins are the most recognized and high-quality silver bullion, the market will put a higher demand and premium on these bullion products...
It bears the ignominious tag of being the poorer cousin to gold. Yet, silver has relatively outperformed the more lustrous yellow metal over the past five months, gaining a net of almost 35% against gold’s return of just under 10%.
Gold Could Skyrocket to $2,300 on a Move Beyond Highs at $2,070/2,075: Credit SuisseJan 11, 2023 - 13:04:34 PST
Gold has started 2023 strongly. Strategists at Credit Suisse do not rule out a strong surge to the $2,300 mark.
Gold Price Forecast: To Extend Its Rally on Slowing Inflation – CommerzbankJan 11, 2023 - 13:02:02 PST
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thu...
US Public Pension Debt Topped $1 Trillion in 2022, Equable Says: BloombergJan 11, 2023 - 12:57:55 PST
US state and local pensions funds’ unfunded liabilities climbed to $1.45 trillion last year, according to estimates from the New York-based nonprofit Equable Institute.
The China reopening story is the most powerful market narrative going on today. At least for now, it’s more powerful than any Fed analysis, the prospect of a recession, and even lower energy prices in terms of what’s driving investor behavior.
The overspending by governments coupled with inflation has really started to affect the perceived value of currencies in relation to other currencies. As these relationships break the losers are the people holding the de-valuated currency.
The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad: NYTJan 11, 2023 - 11:55:47 PST
If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
raders from New York to Chicago to London will be glued to their screens Thursday morning waiting for the latest consumer price index reading from the Labor Department, which is due at 8:30 a.m. in Washington.
Once again, the White House is bypassing Congress, claiming that three different education laws give the administrative state the power to rework payback rules -- to include those that kill repayment altogether.
The key to this year’s economy is in Jerome Powell’s hands. That’s certainly not ideal, but it is reality. I would much rather market forces be the key..
Alasdair Macleod: 'Major Wipeout' Of Fiat Currencies This Year To Cut Dollar In Half?Jan 11, 2023 - 11:46:46 PST
While much debate currently centers around whether the dollar will weaken further will or resume its run higher in 2023, today's guest is more concerned about how much longer it has left as the pre-eminent currency in the world.