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The chancellor of the exchequer will have to mount a defense of the annual £43 billion ($48 billion) stimulus package that triggered last month’s rout in UK assets. The fund has questioned why Kwarteng would add fuel to an economy at the moment when the Bank of England is trying to ratchet back inflation from near a 40-year high.
Nobel Economics Prize Awarded to U.S. Economists Including Bernanke for Work on Financial CrisesOct 10, 2022 - 05:52:02 PDT
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig win the Nobel prize in economic sciences for research on banks and financial crises.
Last week saw markets raise their hopes of a Federal Reserve pivot to looser policy, only to have the dream dashed by a strong jobs report and string of policy makers saying interest rates must move higher.
$68Trillion: ’We’re Likely To See One of the Greatest Transfers of Intergenerational Wealth: MWOct 10, 2022 - 05:44:13 PDT
Thasunda Brown Duckett sees big changes coming on the retirement front. As MarketWatch turns 25, we asked the TIAA CEO what we will be covering in five years.
Companies are set for a difficult reporting season as macroeconomic risks including slowing demand and soaring costs build, according to Goldman Sachs Group Inc. and Morgan Stanley strategists.
Bank of England To Expand Size of Auctions As Emergency Bond-Buying Plan Winds DownOct 10, 2022 - 05:38:50 PDT
The Bank of England plans three additional measures to support financial markets as its emergency-bond buying operations wind down for Friday.
The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed, illustrating how the central bank is tightening monetary policy by reducing market liquidity. Total sight deposits, which include other deposits on sight in Swiss francs, declined to 639.332 billion francs...
Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears.
The world’s leading central banks are finally pushing their interest rates into restrictive territory, causing fears of overkill in financial markets and stoking chatter that policymakers may need to pivot at some point.
Federal Reserve Chairman Jerome Powell is likely to resist behind-the-scenes pressure at international meetings this week to let up on steep US interest-rate hikes that are putting pressure on economies around the world.
Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat.
Shares of FedEx are under pressure after the company's ground division lowered its holiday volume forecast.
If there needs to be a recession to cool inflation the Fed would be OK with that, one Wall Street pro explained.
Peter Schiff: The Fed Didn't Create the Inflation Problem Last Year; It Was Decades in the MakingOctober 10, 2022
It's easy to look back over the post-pandemic era and say the Federal Reserve stayed too loose for too long in the face of rising CPI. For months, the central bank ignored the inflation problem, claiming it was transitory. But as Peter Schiff pointed out in a podcast, the loose money problem isn't anything new. It's been going on for decades.
Some people in the mainstream have been talking about gold's demise as an important financial asset. Meanwhile, central banks continue to buy gold. What are the gold naysayers missing? Peter Schiff appeared on Fox Business with Charles Payne to talk about the price of gold and why some investors are starting to realize they'll need gold as the Fed loses its inflation fight.
With the shortage of U.S. Mint Gold & Silver Eagle coins, I decided to check some of the premiums from the large online dealers. Actually, I was quite shocked by how high the premiums were being charged for the smaller-denominated Gold Eagles coins. Are investors actually paying these high prices...
Weekly Market Recap: Bears Claw Back All Gains From Failed Rally As Fed Pivot Hopes DashedOct 9, 2022 - 10:39:19 PDT
In this week's recap, Lance Roberts and Adam discuss everything that mattered to markets this week.
METALS & ENERGY UPDATE OCT 9TH: The Energy & Dollar Wrecking Ball Is The Reason To Own Precious MetalsOctober 9, 2022
With the escalation of the Ukraine War after the Russian-Crimea Bridge was attacked, all bets are off for low oil prices. Add to this the Saudi-OPEC oil cut, and we have a recipe for disaster in the oil markets. Also, as the U.S. Dollar heads higher along with the oil price, countries are being destroyed left and right...
According to the BLS, the economy added 263,000 jobs in September, which was slightly below the Dow Jones estimate of 275,000. More significantly, the trends reveal a slowing labor market.Education and Health led the way with strong hiring along with Leisure and Hospitality.
One solid indication is when there are lots of buyers willing to pay prices far above current so-called spot prices. The theoretical “spot price” is the price per unit at which a futures contract that matures in the current month (“on the spot”) changes hands. In the COMEX, most of the trading involves 100-ounce bars. In the London Bullion Market Association, gold contracts trade 400-ounce bars.