Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Oil prices jumped on July 18 as the U.S. dollar softened and after President Joe Biden wrapped up his trip to Saudi Arabia, failing to secure a pledge from the Middle Eastern country to boost crude output.
Jul 18, 2022 - 08:08:34 PDT
As The Fed Reserve prepares to raise their target rate in a week by 75 basis points to 2.50%, the NAHB Home Builder’s confidence index plunged.
Jul 18, 2022 - 08:02:33 PDT
The dollar’s gain is the world’s pain — and based on its current trajectory, the world may be in for a whole lot more discomfort. Concerns over global growth have recently sent the US Dollar Index to the strongest level on record, with the greenback hitting multi-decade highs against currencies like the euro and the yen.
Jul 18, 2022 - 08:00:14 PDT
The Federal Reserve has behaved like buckaroos! Why? Since the financial crisis, The Fed has left its enormous monetary stimulus outstanding for too long. The Fed initiated asset purchases in a series of moves (aka, QE) culminating in Covid QE that has been barley removed. With The Fed’s stimulypto (and Federal spending), we have seen the S&P 500 index soar along with home prices.
The Federal Reserve isn’t soothing me with their rate hikes. As The Fed has been raising their target rate and beginning to shrink their balance sheet, we are seeing Q3 Real GDP slipping further down the rabbit hole to -1.5%.
Housing in the US is simply unaffordable for the middle class and low-wage workers. Combine rising food costs and gasoline/heating costs, and we have an economic disaster on our hands. US existing …
The debate about recession risk is pointless. We are already in a recession. Real GDP (gross domestic product) in the United States declined at an annual rate of 1.6% in the first quarter.
Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into a broad array of goods and services, setting the global economy up for a lurch toward more expensive credit, lower stock and bond values and — potentially — a sharp pullback in economic activity.
Ukraine Central Bank Has Sold Over $12 Billion of Its Gold Reserves During the WarJul 18, 2022 - 05:56:27 PDT
Ukraine's central bank has sold $12.4 billion of gold reserves since the beginning of Russia's invasion on Feb. 24, the bank's deputy head said on Sunday.
Jul 18, 2022 - 05:53:31 PDT
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Sales are sluggish compared with how much prices have risen—except when it comes to dining out.
The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks.
Europe is bracing for a recession that may do little to tame record inflation, testing the mettle of central bankers who’re just days away from raising interest rates after a decade-long hiatus.
Central banks from the euro zone to Japan are about to reveal if they can resist the global urge for aggressive monetary tightening led by the US Federal Reserve.
Few on Wall Street see a change in the U.S. currency’s trajectory, reflecting fears of a global recession and deepening woes in Europe.
Financial leaders of the Group of 20 richest and biggest economies agreed at meetings on the Indonesian resort island of Bali this week on the need to jointly tackle global ills such as inflation and food crises, but failed to bridge differences over the war in Ukraine.
A rally in stock markets may prove to be short-lived as inflation pressures remain high and a recession seems increasingly likely, according to strategists at Morgan Stanley and Goldman Sachs Group Inc.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No Other...
Investor fears are rife that the European Central Bank is running out of runway to raise interest rates before it’s even begun.
California’s historic drought may leave the state with the largest amount of empty farmland in recent memory as farmers face unprecedented cuts to crucial water supplies.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No Other...
Inflation just hit a four-decade high. Mining more than 100,000 data points from the consumer-price index reveals some nuance. A guide to what’s up—and what’s next.