Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Live Updates: Follow Along As the Federal Reserve Announces Its Market-Moving Rate Decision: VideoNov 2, 2022 - 11:10:11 PDT
The Federal Reserve delivered its latest monetary policy announcement, with the central bank hiking rates by 75 basis points, or 0.75 percentage point.
Since the last FOMC meeting on September 21st, where The Fed hiked rates by 75bps for the 3rd time in a row, stocks and bonds have suffered most (the latter more than the former) while the USD gained and gold mirrored the dollar's gains to the downside. Though we note that stocks have rallied for the last couple of weeks...
Fed Hikes by Another Three-Quarters of a Point, Taking Rates to the Highest Level Since January 2008Nov 2, 2022 - 11:00:55 PDT
The Federal Reserve concluded its two-day meeting Wednesday amid expectations it would approve another interest rate increase.
This is breaking news. Please check back here for updates.
7 out of 10 economists at the World Economic Forum held in Geneva in September 2022 believe reduced growth, stubbornly high inflation, and real wages to continue till 2023, bringing in a global recession. Given below is the table showing economic growth and employment growth o different regions of the world.
The pound has just staged its biggest monthly rally in a year after shaking off weeks of British political turmoil, but this strength is likely only to be fleeting as investors return their focus to the stagnating economy and the Bank of England.
U.S. consumers appear to be approaching the holiday season somewhat cautiously, according to The Conference Board.
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor noted that she seemed to have seen trouble brewing in banks and mortgage markets before most others. In truth, she said, she hadn’t put the pieces together fast enough to stop the ensuing disaster. “I’m sorry,” said Ms. Yellen, then the Federal Reserve vice chair. “I wish I had, but I didn’t.”
The Federal Reserve is expected to continue its fight against the fastest inflation in 40 years on Wednesday by raising rates three-quarters of a percentage point for the fourth time in a row. What officials signal about the central bank’s future plans is likely to be even more important.
On any given night, hundreds of thousands of Americans sleep in vehicles, in shelters, or on the streets. But counting how many people are affected by homelessness is challenging, as these individuals lack permanent addresses.
The number of bedrooms either available or in development across the country surged 20 percent to 74,000 in 2022, from about 62,000 in 2020, according to data from Cushman & Wakefield, a commercial real estate services company.
Nov 2, 2022 - 08:20:33 PDT
Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 28, 2022. This week’s results include revised data to reflect an update to last week’s survey results.
Wells Fargo Mortgage Staff Brace for Layoffs As U.S. Loan Volumes CollapseNov 2, 2022 - 08:19:09 PDT
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens.
Nov 2, 2022 - 07:34:00 PDT
In this post, at the beginning I will show you how what is now happening is tracking the archetypical Big Cycle, and near the end I will show you how wars typically change how the systems work and how the markets and economies behave. In these 4,500 words, I will be packing in a lot to explain the mechanics of what is happening. While I tried to make it simple, if you find it too dense, just scan to the next section. I promise you that it will be worth it.
A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure. But let’s first look at another circus – The global travelling circus is now reaching ever more nations just as expected. This is right on cue at the end of the most extraordinary financial bubble era in history.
The pace and scale of rate hikes delivered by central banks around the globe in October slowed down dramatically following September's historic peak.
Gold prices rose on Wednesday as the dollar weakened, but they held to a tight range with investors reluctant to place big bets before the U.S. Federal Reserve's rate decision later in the day.
An economic theory gaining attention among Republicans argues that monetary and fiscal policy are ultimately inextricable. If fiscal policy is irresponsible, even a responsible central bank can’t control inflation.
Given the long era of low interest rates, no one can predict with certainty where the next wave of financial turmoil will come from. And this “expect the unexpected” territory raises uncomfortable questions about modern financial regulation.
ECB’s Makhlouf Says Too Early to Specify Size of Next Rate Hike: BloombergNov 2, 2022 - 05:59:57 PDT
Speaking on Wednesday in Dublin, Makhlouf said officials will decide on what action to take on a meeting-by-meeting basis, based on incoming economic numbers.
Bank of Japan Governor Haruhiko Kuroda on Wednesday hinted at the chance of tweaking the bank's yield curve control (YCC) policy down the road, saying it could become a future option if inflation continues to pick up.