Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said, would “bring some pain" for Americans.
The dollar jumped to a new two-decade high on Wednesday, as a decision by Russia's President Vladimir Putin to mobilise more troops for the conflict in Ukraine rattled markets just before another expected aggressive U.S. Federal Reserve rate hike.
Investors are expecting higher inflation-adjusted returns on ultra-safe government debt...
Japan is intensifying a clampdown on its $29 billion structured products market, threatening a lucrative business for banks and brokerages after it saddled mom-and-pop investors with losses.
A brutal wipeout in a $25 billion bond exchange-traded fund has investors wagering that the worst is over on the eve of a crucial Federal Reserve decision.
Governor Haruhiko Kuroda will be at risk of shifting the yen toward further weakness by holding on to the message that the Bank of Japan must carry on with monetary easing, hours after another major interest rate hike from the Federal Reserve.
The Swiss National Bank will probably end Europe’s decade-long experiment with negative interest rate policy this week as officials emphatically hike above zero. Economists are split three ways on what to expect on Thursday, with about half surveyed anticipating a 75 basis-point increase -- matching European Central Bank action this month -- to 0.5% while the rest see either a quarter-point less or more than that.
The Market Red Flags That Could Prompt the Fed to Slow Down on Rate HikesSep 21, 2022 - 05:29:48 PDT
Strategists are looking beyond the key issue of inflation for other potential market metrics that may cause the Federal Reserve to slow its aggressive cycle of interest-rate hikes.
“While these storm clouds build on the horizon, even the best and brightest economists are split as to whether these could evolve into a major economic storm or something much less severe,” Dimon stated.
The Federal Reserve is largely expected to raise its benchmark interest rate by three-quarters of a point on Wednesday, following two other similarly sized hikes this year. Whether the central bank follows through doesn’t matter much to some Americans.
U.S. stock futures wobbled Wednesday morning as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.
During his post- FOMC meeting press conference, Federal Reserve Chairman Jerome Powell said, "Hope for the best; plan for the worst."I think he meant, "Live in hope; die in despair."
The Atlanta Fed has lowered its GDP estimate for the third quarter to 0.3%, and the trend is downward. That means the economy is teetering on the verge of another quarter of negative GDP growth. Would that be enough to raise recession alarms?
Federal Reserve rate hikes will add trillions to the national debt, according to an analysis by the Committee for a Responsible Federal Budget.
"I think the horizon for gold in the relatively near future is positive," World Gold Council CEO David Tait says during an interview with Alix Steel and Guy Johnson on "Bloomberg Markets." (Source: Bloomberg)
Sep 20, 2022 - 13:03:15 PDT
Still-hot US inflation has spurred Wall Street into taking stock of the Federal Reserve's efforts to cool it — and some big investors aren't holding back.
The US and the global economy face a severe recession at the end of this year, according to eminent economist Nouriel Roubini...
“Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%Sep 20, 2022 - 12:57:22 PDT
Roubini whose prescience on the housing bubble crash of 2007 to 2008 earned him the nickname Dr. Doom, said that those expecting a shallow US recession should be looking at the large debt ratios of corporations and governments. As rates rise and debt servicing costs increase, “many zombie institutions, zombie households, corporates, banks, shadow banks and zombie countries are going to die,” he said. “So we’ll see who’s swimming naked.”
Sep 20, 2022 - 12:54:12 PDT
Top economist Mohamed El-Erian flagged the risk of stagflation — a painful combination of slower growth, stubbornly high inflation, and rising unemployment.
Goldman Sachs chief economist Jan Hatzius slashed his 2023 GDP forecast this week to 1.1%. Previously, Hatzius was looking for 1.5% growth. Hatzius says he sees a "somewhat worse" outlook for growth and employment next year as the Fed tightens financial conditions to comat inflation.