Precious metals news

On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range of between 2.25 to 2.50 percent.

The Biden administration's actions to date have contributed to inflation and backwards incentives for borrowers. If this administration is to right the ship, they will need to speak clearly on the future of federal student loan debts. They should warn the borrowers that payments will resume on August 31, 2022, and that the zero interest period will not continue, but instead the original interest rate will prevail.

Since 2008, a key component of Fed policy has been to buy up mortgage-based securities and government debt so as to both prop up asset prices and increase the money supply.

"The PRC likely intends to have at least 1,000 warheads by 2030, exceeding the pace and size the DoD projected in 2020." — Military and Security Developments Involving the People's Republic of China 2021, US Dept. of Defense. "In space, China is putting...

"Like Vladimir Putin, the Communist Party of China has lost its fear of American power... China's nuclear threats expose... perceived American weakness, expose the risk of the lack of a U.S. regional nuclear deterrent, and expose the inadequacy of U.S. leadership." — Richard Fisher of the Virginia-based International Assessment and Strategy Center, to the author, March 2022.

Foreign-exchange traders are set to bludgeon the euro anew as the war in Ukraine and the supply-chain crisis ramp up stagflation risk -- driving the single currency to parity versus the dollar for the first time in nearly two decades.

From neighborhood gas stations to America’s interstate highway system to the friendly skies, soaring fuel costs amid dwindling supplies look set to further squeeze consumers and businesses alike this summer.

With first-quarter U.S. earnings in the final stretch, corporate growth expectations for the current quarter and 2022 mostly are declining as costs surge for oil and other supplies and interest rates rise.

China's central bank said on Monday it would step up support for the slowing economy, while closely watching domestic inflation and monitoring policy adjustments by developed economies. The People's Bank of China (PBOC) will keep liquidity reasonably ample, prioritise stability and take steps to boost confidence, the bank said in its first-quarter monetary policy implementation report. "Recently, the COVID-19 and the Ukraine crisis have led to increased risks and challenges, and the complexity, severity and uncertainty of China's economic development environment have increased," the central bank said.

Emerging market sovereign debt is at the "mercy" of the Federal Reserve's interest rate decisions, JPMorgan analysts said in a note on Monday, as the U.S. central bank's rate raises drain capital from developing markets. JPMorgan removed Nigeria from its list of emerging market sovereign recommendations that investors should be 'overweight' in, saying the country had not taken advantage of high oil prices, while adding Serbia and Uzbekistan.

Stocks fell sharply Monday, pushing the S&P 500 to a fresh 52-week low, as the market sell-off continued and traders struggled to find their footing from last week's big market swings.

With Inflation Skyrocketing, insane spending, and government getting bigger, is this the Economic Meltdown closer than we think.

Thus far the rise in bond yields has not broken anything, but if history is any guide, it will at some point. Expect deflation chatter to increase when it does.

As the US is engulfed in inflation while The Federal Reserve is engaged in trying to fight inflation (well, sort of), we are seeing markets taking a shellacking, particularly commodities. One indic…

New Record Pump Price Coming. A record futures price portends a record price at the pump. Diesel is already there.

Bitcoin broke technical support at the $35,000 level, but that support was very weak with only one bounce off that level.

Increasing taxes on wealthy Americans is not controversial among much of the U.S. electorate, with polls consistently showing that a majority of both Democratic and Republican voters believe the ri…

US applicants are citing COVID, climate change, and political division, multiple firms told Insider.

Tax agency now pays 4% interest to waiting individual filers; it made $3.3 billion in interest payments last fiscal year

Shasta Lake is at less than half of normal levels. Lake Oroville, the largest reservoir in the State Water Project, is at 55% of total capacity.