Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Investors will remember 2022 as the year when the narrative around Big Tech finally cracked, ending a years-long stretch of powerful market leadership. Next year offers few signs of relief.
China’s central bank pumped more cash than forecast into the banking system in December, in a move that’s expected to bolster bonds roiled by the nation’s abrupt Covid policy shift.
The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through the overnight discount window by 50 basis points to 4.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.
Turkey’s Cenbank to Stand Pat After Fulfilling Erdogan’s Call for Single DigitsDec 15, 2022 - 05:53:03 PST
Turkey's central bank is expected to keep its policy rate unchanged next week, a Reuters poll showed on Thursday, having decided to end the cycle after cutting it to 9% in line with President Tayyip Erdogan's call for single-digit rates.
Brazil Central Bank UPS 2022 GDP Growth, Maintains Deceleration for 2023Dec 15, 2022 - 05:51:46 PST
Brazil's central bank improved on Thursday its projection for 2022 GDP due to a methodological revision that implied a better first-half result, but kept the perspective of a slowdown for 2023 on the back of its aggressive monetary tightening.
Taiwan's central bank on Thursday said it expects inflation to drop below 2% next year, which would signal an end to the current round of rate hikes, and slashed its growth outlook for this year to reflect global economic woes.
The European Central Bank said on Thursday it would start reducing its 5 trillion euro ($5.3 trillion) bond portfolio from March, its next step towards tighter policy as it tries to combat decades-high inflation. The ECB said it would reduce its Asset Purchase Programme (APP) bond holdings at an average pace of 15 billion euros per month starting in March...
Similarly to in the U.S., inflation in Europe has started to slow down. But the big central banks have still all hiked rates this month.
The Bank of England said Britain’s inflation rate may already have peaked and that two of its policy makers believe interest rates are already high enough to drain pricing pressure.
The Swiss National Bank raised its interest rate by 50 basis points, a third salvo against inflation that narrows the gap with the borrowing costs of global peers.
US equity-index futures and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. The European Central Bank’s signals on consumer-price pressures deepened the selloff.
No go on rate cuts in 2023, says the team at Goldman Sachs.
"I don't think it would qualify as a recession...because you've got positive growth," Powell said.
Global Stocks Fall as Central Banks Wage War on Inflation With Rate HikesDec 15, 2022 - 05:34:26 PST
Shares fell globally on Thursday after major central banks began to deliver their final policy decisions of the year, with the U.S. Federal Reserve signalling that it expected interest rates to stay higher for longer. In Europe, the Bank of England struck a far more dovish note after delivering its ninth straight rate rise - and the eighth of 2022 - saying it believes more...
Last month, the New York Fed launched a pilot program for a "digital dollar." Could this be the first step toward monetary totalitarianism?
AMAZINGLY LARGE DECLINES FROM TOP 3 SHALE GAS FIELDS: Nearly Half Of Shale Gas Production Is Lost In Just Two YearsDecember 15, 2022
With the world now depending on U.S. LNG exports, what happens when natural gas production peaks and declines? If we look at the natural decline rate of the Top 3 U.S. Shale Gas Fields, Americans and the world should be deeply concerned. I would be...
The soaring demand for silver, matched against the coming supply crunch — remember we are already at peak silver and this year’s forecasted deficit is four times higher than last year’s — all but guarantees the silver price is moving higher.
We’ll keep an eye on what happens in the next meetings, but one factor that could really unleash silver could be a pivot by the Fed to a less aggressive stance. In particular, as inflation is still high and negative interest rates continue to bite. So with demand rising and a supply crunch on the horizon, silver is definitely something to keep an eye on.
The accurate financial foghorn, Treasury bond yield curves, is warning investors that rough seas lie straight ahead.
Dec 14, 2022 - 12:36:25 PST
Investors should stay clear of both stocks and long-term bonds for now, BlackRock Investment Institute strategists have warned.