Precious metals are apparently waking up. And here is where you can find the best deals.
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The 2008 crash triggered a rethink, but the framework in place since the 1980s emerged relatively intact. The pandemic then cast those conventions aside around the world.
One month after the Fed's key benchmark "administered" rate - the effective Fed Funds rate - hit the second lowest on record, or 0.05%, only to stage a modest increase for in the month of May when it traded at 0.06% for most of the month, overnight the closely watched EFF dipped once again, inching back closer to zero overnight, and is just 1 basis point away from the lowest print ever.
President Biden waited to release his first budget until Friday afternoon of a holiday weekend, a signal that the White House wasn’t looking for a lot of attention on its proposal to spend $6 trillion in 2022 — a roughly 35 percent increase from pre-pandemic-era federal government spending.
What does it say about our "prosperity" if we can't even afford to equal the purchasing power of the minimum wage paid 50 years ago? It says the 1% got the mine and the bottom 90% got the shaft.
President Joe Biden has ordered the Financial Stability Oversight Council to prepare a report on how the financial system can mitigate the risks...
Paying even more to get even less. Exactly what American consumers need the most in these trying times.
For the first four months of this year, the seasonally-adjusted consumer-price index is rising at an annualized rate of 6.2%. Without the seasonal adjustments, it is rising at 7.8%.
Government debt is often analyzed through the debt-to-GDP metric because it contextualizes an otherwise massive number.
If you could ask the world’s top central bankers what really terrifies them, I think the honest answer would usually be “deflation.” It is their greatest nightmare. They think a little inflation is good (thus the 2%+ target), and they’re confident they can subdue it if necessary. Deflation is a bigger problem.
Costco hints that inflation is here to stay, which stands in stark contrast to the most recent views expressed by the Federal Reserve.
The US junk bond market has begun wavering on rising inflation worries, raising the risk that the powerful rally since the depths of the pandemic in the debt issued by the riskiest corporate borrowers may be coming to an end.
Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.
Euro zone inflation surged past the European Central Bank's elusive target in May, heightening a communications challenge for policymakers who will happily live with higher prices for now but may face a backlash from irate consumers.
Some investors are preparing for wild swings in financial markets, worried that inflation, and the Federal Reserve’s pledge to let it rise, will lead to a more volatile world.
US Manufacturing Surveys Scream Stagflation As "Expectations Have Moderated"Jun 1, 2021 - 07:14:08 PDT
The Fed is cornered - as markets start to face up to the reality of waning free money, Powell and his pals can't ease any more amid "unprecedented" crushing of Americans' living standards by the soaring inflation being seen everywhere.
Gold could test new highs again this year, says David Lennox of Fat Prophets, who said he sees "a fairly big tick" ahead for the precious metal.
Gold headed for the biggest monthly advance since July, with inflation risks in focus ahead of key U.S. jobs data due later this week that will offer clues on the economic recovery. Some Federal Reserve officials have said that recent price pressures are to be...
Jun 1, 2021 - 05:41:04 PDT
Let me be honest. The only bond kings and queens over the past half-century since credit was unleashed from its gold standard in the early 1970s have been the US Federal Reserve chairs.
Rapid Appreciation of China’s Yuan Not Sustainable, Says Former PBOC OfficialJun 1, 2021 - 05:37:29 PDT
The rapid appreciation of China's yuan against the U.S. dollar may have overshot and will not be sustainable, a former central bank official said in an interview with state media Xinhua News on Sunday.
Keep an eye on skills shortages, consumers’ wallets and the market’s expectations.