Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The Fed feels the economy is still strong enough to absorb higher interest rates. With inflation running completely out of control, the Fed may even..
The dollar fell in volatile trading against a basket of currencies on Wednesday after the Federal Reserve raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years.
"The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. "The solution to this is to replace the national currency with a global currency.” ...and Zoltan Poszar's recent warnings of the backlash against US weaponization of the dollar against Russia, noting that...
Federal Reserve’s rate rises and slowing growth drive more yields above 10%. Additional financial tightening by the Fed will push extra debt into the distressed zone, he added.
Seema Shah, the Chief Strategist at Principal Global Investors, joins Yahoo Finance Live anchors David Briggs, Racehlle Akuffo and Seana Smith to examine the market movement and outlook amid the Fed's interest rate hike decision, wage growth, and inflation.
Eight Attorneys General Call on Biden To Cancel Federal Student Debt for Every Borrower of $1.7tMay 4, 2022 - 12:40:55 PDT
Even before the pandemic, the country's outstanding student loan debt balance exceeded $1.7 trillion and posed a larger burden to households than credit card or auto debt. Roughly a quarter of borrowers, or 10 million people, are estimated to be in delinquency or default.
Add it all up and there was $5.7 trillion across 5 separate pandemic stimulus programs. Let's discuss how the money was spent.
Quantitative Tightening Begins June 1, Capped Initially At $47.5BN And Growing To $95BNMay 4, 2022 - 12:21:23 PDT
Rrrrb.... The only question now is how long before everything breaks and Rrrrb becomes Brrrr again...
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
"Highly Attentive" Fed Unleashes Biggest Rate-Hike Since Bursting The Dot-Com BubbleMay 4, 2022 - 11:05:42 PDT
The Fed hiked rates 50bps - as expected. That is the biggest rate-hike since the bursting of the Dot-Com bubble in May 2000.
Fed Raises Rates by Half a Percentage Point — the Biggest Hike in Two Decades — To Fight InflationMay 4, 2022 - 11:03:55 PDT
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation.
With home prices at all-time highs, many (including the Federal Reserve Bank of Dallas!) are warning the US is back in a housing bubble. One that is suddenly facing a lot of potential pins that threaten to burst it. Fast rising mortgage rates, record unaffordability, a weakening consumer, a slowing economy, new inventory coming online -- the list is long and growing fast.
The Royal Bank of Canada (RBC) published a report on Monday that claims global supply chain issues are likely to worsen in upcoming months, as complications from China and Eastern Europe result in massive port congestion in key areas.
Globally, levels of hunger remain alarmingly high. In 2021, they surpassed all previous records as reported by the Global Report on Food Crises (GRFC), with close to 193 million people acutely food insecure and in need of urgent assistance across 53 countries/territories, according to the findings of...
The global hunger crisis is “exploding” as the war in Ukraine sends prices of key staples even higher, following a 25% spike in food insecurity last year.
May 4, 2022 - 08:58:38 PDT
As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price of hundreds of products as they compete for customers and set themselves up to do battle in negotiations with major packaged food makers.
Beef will be getting even more expensive at U.S. grocery stores in the months ahead, according to one of the country’s biggest meatpackers.
The Federal Reserve is poised to set out a path to rapidly withdraw support from the economy at its meeting on Wednesday — and while it hopes it can contain inflation without causing a recession, that is far from guaranteed.
Jack Farley did an excellent interview of former Fed insider Danielle DiMartino Booth and former Fed QE trader Joseph Wang that's well worth a play.
Former Kansas City Federal Reserve President and CEO Thomas Hoenig argued on Wednesday that the Fed has "themselves in a corner" as the job of the central bank has "gotten more difficult."