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Powell Sees No Interest Rate Hikes on the Horizon As Long As Inflation Stays LowJan 14, 2021 - 11:29:43 PST
Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.
A bank deposit is not itself money and will only be paid and received in lieu of money as long as the public does not have the slightest doubt in the banks.
If you don't discern any of these dynamics in the present, what are you choosing not to see?
Investors who poured trillions of dollars into index funds on the conviction that no one can beat the market may actually be making it easier to do just that. All that dumb money could be offering wily stock pickers a chance to buy smaller companies on the cheap...
UBS Group plans to lower the threshold for customer deposits that will be subject to a charge as the bank deals with the prospect of low and negative interest rates for the foreseeable future.
Jan 14, 2021 - 10:01:02 PST
Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bentheim Center for Finance. The talk comes at a pivotal time for the Federal Reserve, which in December committed to its current policy until it sees substantial progress towards its goals regarding inflation and employment.
Join Mike Maloney and Jeff Clark in today’s Special Report as they explain how massive demand from the electric car and solar industries could mean future supply shocks for silver.
Climbing expenses with static revenue mean bigger deficits & soaring #federaldebt even before the proposed $2t stimulus rumored in the works. Expect more record #USD printing & 1970s-like #inflation or worse. Own physical #gold
And if inflation is pushing nominal growth higher, any attempt by the Fed to suppress interest rates will be rejected by the bond market. Nothing scares bond investors away faster than a central bank forcing negative real yields on them in the face of faster inflation. T
The Bank of England will improve the way it communicates about how it stimulates the economy through quantitative easing, a response to an internal report that found the method is poorly understood.
Inflation is probably coming to the U.S. this year. The question is how much. Prices rising faster than the Fed’s 2% target would be welcome, but too much price growth could be a problem. If that happens, the Federal Reserve could be in a bind.
Bond yields have "moved for two reasons," Allianz Chief Economic Adviser
Mohamed El-Erian says. "One is inflation concerns started increasing, and there were more hesitant buyers recognizing how asymmetrical the valuation outlook was."
The average for a 30-year, fixed loan reached 2.79%, up from 2.65% last week and the highest since Nov. 12, Freddie Mac said in a statement Thursday. The increase follows a jump in yields for the benchmark 10-year Treasury, which climbed above 1% last week for the first time since March.
Corporate credit markets are more exposed to duration risk than at any other time in history.
The federal government spent a record $1,376,269,000,000 in the first three months of the fiscal year (October through December), according to the Monthly Treasury Statement released today.
Euro-zone monetary policy is subsidizing the finance industry to such a degree that national central banks are having to curtail the cash distributions they normally hand to governments.
President of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”
The US government ran the biggest December budget deficit in history last month.The December budget shortfall came in at $143.6 billion. That compares with a $13.3 billion deficit in December 2019, according to the Monthly Treasury Statement.
Massive new fiscal spending under Democrats supports the gold bull case long term, but faster Fed tightening could weigh on gold for a while.
Initial Jobless Claims Soars To Highest Since August Amid Illinois ChaosJan 14, 2021 - 05:38:00 PST
965k Americans filed for first time jobless claims fin the first week of 2021 - a massive jump from last week's 784k and well above expectations of a 789k rise.