Gold has all the potential to go unprecedentedly high. But silver will be gold on
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For the segment of American society squeezed by surging prices and the wind-down of pandemic financial support, it’s getting tougher to spend -- even at discount retailers.
The nation’s revenue service is facing a backlog of nearly 24 million tax returns filed last year, according to a report in The Washington Post. The pileup is delaying the processing of returns for millions of taxpayers by as much as 10 months, and is expected to slow the processing of returns filed in 2022 as well.
Liquidity is eroding in the U.S. Treasury market again, as the past week’s controversy about how much and how quickly the Federal Reserve will raise interest rates this year unleashed a bout of extreme volatility in yields.
Feb 15, 2022 - 12:00:06 PST
It seems to me that people who received a lot of money and credit and felt richer, central bankers and central government officials who created a lot of money and credit and said that it wouldn’t create a lot of inflation, and people who believed what these officials said would all do well to review the lessons from history.
The euro area reported a 9.7 billion-euro ($11 billion) trade deficit in December, according to Eurostat data published Tuesday. The biggest shortfall since 2008 was primarily driven by energy imports. Still, despite such negative readings in the final two months of 2021, the region showed a trade surplus for the year as a whole, albeit down by more than 100 billion euros at 128.4 billion euros.
Lumber prices are rising again, adding to the cost of a newly built home and pushing rents higher for new apartments.
Republicans on the Senate Banking Committee will block votes on President Biden's five Federal Reserve nominees, the top GOP senator on the panel announced Tuesday.
Tomorrow we have what is likely to be the biggest event for the markets this week. The Fed will release the minutes of their last meeting.
"The stalling is really, really problematic," she told AFP in an interview. She warned that the average length of a government debt crisis is nine years, which would create a "lost decade" for already vulnerable countries.
Big tech companies are doing the bidding of the U.S. government in actions that mirror China’s social credit system, and Americans must recognize what’s happening and take action, according to Kara Frederick, a former Facebook intel analyst and a research fellow at the conservative Heritage Foundation.
A new type of bot is being sold to criminals who program it to make robocalls that drain cryptocurrency accounts.
Investment firms Saluda Grade and WEG Capital have entered the market for short-term rental properties, as tourists and remote workers boost demand.
UBS GWM Head of Americas Equities David Lefkowitz argues that inflation is ‘a concern’ for the Fed and the markets.
Rep. Kevin Brady, R-Texas, joined "Mornings with Maria," Tuesday, and argued that "raising taxes will drive inflation further" and has poorly impacted Americans since Biden "mistakenly" proposed them.
The more debt is being accumulated on the balance sheets of European central banks, the more likely they will revalue gold to write off this debt. When I asked the German central bank if they consider this option they replied: “at this stage, we prefer not to speculate about any potential decisions … that might or might not be taken in the future.”
Feb 15, 2022 - 07:18:39 PST
The yield curve is flattening fast. What can the Fed do to steepen it?
On The Fed’s Table: Sell Bonds to Push Up Long-Term Yields, Steepen the Yield Curve, & Dump MBSFeb 15, 2022 - 07:16:09 PST
“It could be a bumpy time”: Kansas City Fed President.
Higher farm costs could help push up grocery bills further in 2022, analysts say, following a year in which global food prices rose to decade highs.
The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a Reuters poll of economists who also sharply upgraded their inflation forecasts for this year.
Gold prices retreated from a multi-month peak on Tuesday as news about Russian troops near Ukraine returning to their bases drove a rebound in riskier assets.