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After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over.
Investors are pulling out of the flipping market, as profits drop very quickly.
Euro-area inflation slowed less than initially reported in November, supporting the European Central Bank’s hawkish plans to fight price pressures.
The European Central Bank has banned its top officials from picking stocks and bonds or making short-term trades after a string of scandals at the Federal Reserve and backlash at home. Rate setters and bank supervisors at the ECB will no longer be allowed to invest in individual stocks or bonds but only in "broadly diversified" funds and will have to hold...
Credit Risk Premiums to Surge to Early Pandemic Level If Fed Missteps on PolicyDec 16, 2022 - 05:29:15 PST
\Risk premiums in the US investment-grade market could surge to 200 basis points if the Federal Reserve pauses rates too soon, according to bond investors.
President Biden Has Accused Oil Companies of ‘War Profiteering’ and Threatened Them With a New TaxDec 16, 2022 - 05:26:14 PST
Or is it just hot air?
Italian ministers lashed out at the European Central Bank on Friday, labelling as "baffling" and "crazy" a decision to hike borrowing costs that raised the financial pressure on one of the euro zone's most indebted countries. Three senior ministers took aim after the ECB on Thursday, raised its benchmark rate by 50 basis points as widely expected,...
Investors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year, as the central bank continues its most aggressive rate hike campaign since the 1980s, according to strategists at Bank of America Corp.
Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. The Fed was raising interest rates. After a series of rate hikes, the Fed funds rate reached 5.25%, its highest point in six years.
The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now "very low", ECB Governing Council member Mario Centeno said on Friday, warning of a risk of overreacting to high inflation with excessive tightening. The ECB eased the pace of its interest rate hikes on Thursday, increasing its key rate by 50 bp to 2%...
Indications that the recession likely already underway in Europe will be softer than initially feared are feeding calls to forge ahead with interest-rate hikes targeting double-digit inflation.
Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.
"There will be some softening in labor market conditions," Powell said. "And I wish there were a completely painless way to restore price stability. There isn't. And this is the best we can do."
To the day ahead now, and data releases include the global flash PMIs for December. Central bank speakers include the Fed’s Daly, and the ECB’s Rehn, Holzmann and Centeno. Finally, earnings releases include Accenture.
It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it's important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data and the Fed meeting with his eye firmly focused on that ball.
IMPORTANT UPDATE FOR SRSROCCO REPORT MEMBERS: 2023 Will Be A Pivotal Year & Topics To DiscussDecember 16, 2022
All Silver & Gold Members need to watch this IMPORTANT UPDATE. I believe 2023 will be a pivotal year when the situation starts to go south, especially for the U.S. Shale Oil Industry. Unfortunately, most of the world continues to be clueless about the massive problems we face... in a relatively short period of time...
While price gains will certainly be more than welcome for physical gold investors, the metal’s real value is likely to become apparent too in the months and years to come.
Governments will 'outlaw' paper money eventually - Todd Horwitz
The bank expects the S&P commodity index to post a 43% return next year, led by oil, gas, and key metals.
]Bond investors just don’t seem to buy what the Federal Reserve is selling: that benchmark interest rates will keep moving higher and stay there for an extended period.