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A Key U.S. Inflation Gauge Rose 3.1% Year Over Year, Higher Than ExpectedMay 28, 2021 - 05:35:26 PDT
The core Personal Consumption Expenditures price index for April was expected to increase 2.9% year over year.
Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures...
Bank of Japan Governor Haruhiko Kuroda joined the chorus of central bankers chiming in on Bitcoin following its latest surge and slide.“Most of the trading is speculative and volatility is extraordinarily high,” Kuroda said in an interview Thursday.
May 28, 2021 - 05:27:06 PDT
Yesterday’s GDP report was great with real GDP growing at a 6.4% annualized pace. To get 6.4% annualized GDP growth, The Federal Reserve had to print a massive amount of money. Even with a gr…
U.S. Treasury Secretary Janet Yellen said on Thursday that President Joe Biden's fiscal 2022 budget plan will push U.S. debt above the size of the U.S. economy, but will not contribute to inflationary pressures, which she views as temporary.
May 28, 2021 - 05:21:12 PDT
The cost of raw materials that go into making breakfast staples have roared higher since the pandemic began — raising fears that a broad commodity boom could push up global food prices for consumers.
The RRP facility, as it’s commonly called, is “the only safety valve” for the pressure that’s been building up in money markets, according to Gennadiy Goldberg, a senior rates strategist at TD Securities in New York. “It’s really just holding back the flood of cash coming.”
Russian Hackers Launch Major Cyberattack Through U.S. Aid Agency’s Email System, Microsoft SaysMay 28, 2021 - 05:13:52 PDT
The Russian hackers thought to be behind the catastrophic SolarWinds attack last year have launched another major cyberattack, Microsoft warned.
Biden Goes on Offensive Against Economic Critics, Argues Rising Wages Show His Agenda Is WorkingMay 28, 2021 - 05:11:21 PDT
After weeks of defending his economic policies against critics who blame them for inflation and a labor shortage, President Joe Biden went on the offensive.
The 10-year U.S. Treasury yield held above 1.61% early on Friday, as investors awaited the release of inflation data later in the morning.
Stories that look at emerging knowledge of how to prevent and treat Covid-19.
GLOBAL SILVER PRODUCTION CLIFF: Falling Mine Supply As Precious Metals Become Leading Stores Of ValueMay 28, 2021
As the world heads over the Energy Cliff, it will negatively impact global metals' production. Thus, we are also going to experience the Silver Production Cliff. The industry is not prepared for the collapse of silver production. So, it will be quite impossible to ramp up GREEN ENERGY without enough...
Federal Reserve officials confirm a tapering discussion at upcoming meetings may occur, but with substantial progress unlikely to be achieved until late 2021 – the Fed will stick to their patient script – undercutting the US Dollar Index (DXY), in the view of economists at Westpac.
Gold stored at the Bank of England has been selling for unusually high premiums recently, signaling that central banks may be back in the market buying.The gold in the Bank of England’s London reserves -- one of the largest stashes of bullion in the world --- is stored and sold on behalf of other central and commercial banks as opposed to being owned by the BOE..
For those hoping for a longer video, you’re in luck today. Join Mike Maloney, Jeff Clark and Adam Taggart in this in-depth update on government spending, inflation, gold, silver, Bitcoin…and more.
Archaeologists have uncovered the 3,800 year-old burial of a woman who was around 20 years old when she died in what is now Tübingen, Germany. Inside her tomb, archaeologists found just one grave good — a spiral gold wire that may have been used as a hair ornament.
More Evidence the American Economic “Recovery” Will Disappoint: Daniel LacalleMay 27, 2021 - 12:55:53 PDT
Neo-Keynesians will likely say that if the above figures persist, the solution is more stimulus, but it is not. More money to government programs means slower growth and weaker recoveries.
Campbell said this week that the U.S. was "entering a period of intense competition with China as the government running the world’s second-biggest economy becomes ever more tightly controlled by President Xi Jinping," according to Bloomberg.
Most board members of the Bank of Mexico see the balance of risks for inflation as biased to the upside, even as inflationary pressures are expected to be transitory, minutes from the bank's last monetary policy meeting showed on Thursday. On May 13, the five board members of Banxico, as the bank is locally known, voted unanimously to keep the key...
Yellen Says Biden Budget Raises U.S. Debt-to-GDP Ratio but Is ResponsibleMay 27, 2021 - 12:01:09 PDT
U.S. Treasury Secretary Janet Yellen said on Thursday that President Joe Biden's fiscal 2022 budget request will increase the U.S. federal debt-to-GDP ratio above its current level of about 100% over the next decade.