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The ECB has struggled to achieve its inflation target of close to, but below, 2% over the past few years, which has been exacerbated by the coronavirus pandemic. However, recent data has shown an uptick in prices.
The Bank of England held interest rates steady on Thursday and mirrored the dovish tone set by the U.S. Federal Reserve on the prospect of future tightening.
Futures traded mixed early Thursday after both the Dow and S&P 500 notched record closes in the wake of the Fed's policy decision.
10-Year Treasury Yield Surges to 14-Month High of 1.74%, 30-Year Rate Tops 2.5%Mar 18, 2021 - 05:09:47 PDT
The 10-year U.S. Treasury yield hit 1.74% on Thursday morning, despite reassurance from the Federal Reserve.
The U.S. is recording at least 54,700 new Covid-19 cases and at least 1,200 virus-related deaths each day, based on a seven-day average using JHU data.
Massive U.S. Government Money Printing Motivated Investors To Buy A Record Gold & Silver EaglesMarch 18, 2021
During the first three months of the year, Gold and Silver Eagle sales reached new highs as investors, concerned about the U.S. Government's massive stimulus and debt increases, purchased record numbers of the official coins. Already, sales of Silver Eagles surpassed last year's figures for the same period, and there...
With the large correction in the oil price today, we are solidly in the money with our ExxonMobil Short Trade. While I had a pretty good idea that the oil price would begin a correction lower, I didn't expect it to fall more than 7% in one day. But, that's the way the market can react...
Gold futures touched their highest intraday level in more than two weeks late Wednesday afternoon, as prices reacted to the U.S. Federal Reserve’s decision...
Well, we now know that the Fed would have none of this, and while a handful of FOMC members did in fact push higher on their 2023 dots, the median remained unchanged.
“As of Sept. 30, 2020, the federal debt was $26.9 trillion—up $4.2 trillion from last year, due largely to the government’s COVID-19 response.” At the time of this writing the debt has now passed $28 trillion.
"The Fed has painted itself into a box, because if inflation/velocity does heat up beyond what the Fed or markets can tolerate, given that they have been comfortable with somewhat higher long-term rates, the Fed’s only weapon to slow inflation down would be to slow down the economy. Its...
Fed Commits to "Full Range of Tools" Seeks Inflation Above 2% "For Some Time"Mar 17, 2021 - 12:06:09 PDT
Bubbles be damned. Full speed ahead with the stimulus in search of inflation that would be visible to anyone who was not wearing groupthink blinders.
Stocks Expode Higher After Powell Says Will Give SLR Update "In Coming Days"Mar 17, 2021 - 11:55:41 PDT
Specifically, we said "curiously, there was no mention of SLR at all, but considering the flood of dovishness in the Fed's statement, we can only assume that the Fed will promptly kick the can on that particular issue as well."
“The U.S. dollar, which has strengthened marginally recently, is still near 3-year lows & may weaken further given the Fed’s continued accommodative monetary policy,” said Klearman. “Add to this uncertainty surrounding U.S. tax changes & the fact that the U.S. now has the largest national debt to GDP ratio, there seems to be very little reason for gold prices to move lower.”
WATCH LIVE: Fed Chair Powell Holds Press Conference After Rate Decision — 3/17/2021, 2:30PM ETMar 17, 2021 - 11:24:25 PDT
Federal Reserve Chairman Jerome Powell answers reporter questions following the FOMC's decision on interest rates.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on Jan. 27.
The IRS is planning to push back the deadline for the tax filing season about one month, to May 15 from April 15.
As widely expected, the policymaking Federal Open Market Committee also voted to keep short-term borrowing rates steady near zero.
We have taken a much more neutral stance on the dollar in Q1 of this year reflecting the competing tensions between these two narratives but ultimately lean in the dollar negative direction. Either way, the policy experiment is about to accelerate.
Can Retail Sales Only Grow if Americans Get Permanent Stimulus Payments in this Era of Free Money?Mar 17, 2021 - 10:22:20 PDT
“Lapse” in stimulus payments, bad weather blamed for retail sales decline, as inflation on durable goods hits 3.3%. Counting on next round of free money!