Precious metals news

Blackstone's Joseph Zidle predicts the Fed will cut rates but says Wall Street won't get what it wants, and stocks could fall as much as 20%.

Time for more rate cuts?

With every passing day, the Fed is losing control of the world's most important funding markets.

Fed's Repo Oversubscribed As Funding Demand Soars 50% Overnight.

SD Midweek Update: Today is one very important day, and with so many critical things happening right now, Powell has zero room for error...

In a move "Bond King" Jeffrey Gundlach said could be a prelude to the next round of quantitative easing, the New York Fed conducted a repurchase operation involving about $53 billion in debt instruments on Tuesday. The move to designed to unplug the financial system's "plumbing" with an injection of cash was the first such move since the financial crisis a decade ago.
The purchases involved about $40.8 billion of Treasurys, $11.7 billion in mortgage-backed securities and $600 million in agency debt, according to a CNBC report. The move was prompted by the recent surge in interest rates that drove the overnight repo rate Monday to as high as 8.5%.
The New York Fed was expected to repeat the operation on Wednesday.

Bond investor Jeffrey Gundlach said the Federal Reserve will take the disruption in short-term money markets as a warning sign.

Some old financial melodies from 2007-2008 are getting a replay.

Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.

Boris Johnson’s government is back in the Supreme Court for the second day of hearings into his decision to suspend Parliament. Judges are waiting for a written statement on what he’ll do if he loses the case, which has the potential to derail his Brexit strategy and even curtail his premiership.R

Bond investor Jeffrey Gundlach said the Federal Reserve will take the disruption in short-term money markets as a warning sign.

Minerd warned on Tuesday the firm’s recession forecast model showed a 58% chance of the economy being in a recession by mid-2020, & a 77% chance of one beginning in the next 24 months.

It had been more than a decade since Federal Reserve traders jumped into U.S. money markets to inject cash. And they seemed to get the reaction they wanted Tuesday morning, instantaneously driving down key short-term rates that had spiked to as high as 10% and threatened to muck up everything...

Under pressure from Wall Street and President Donald Trump, the Federal Reserve is widely expected to reduce interest rates on Wednesday for a second straight meeting, but its sharply divided...

The Fed will undertake another repo operation on Wednesday while the FOMC is meeting. This has many people convinced that the net result will be a 25 basis point CUT as the central bank convinces the markets that they will provide liquidity in an effort to alleviate any potential year-end funding issues.

Light vehicle sales worldwide look set to fall by 2%-3% this year with virtually no growth over 2020-2021, according to S&P Global Ratings.

he Bank of Japan is expected to consider carefully the need for additional monetary easing at its upcoming two-day policy-setting meeting, while paying close attention to moves in the finance market.

Blaming a weakening global economy, FedEx Corp. sliced its profit outlook in the latest sign that trade tensions are dragging down U.S. corporate titans. The shares tumbled.The forecast signaled...

World Bank President David Malpass said the global economy is poised to decelerate more than previously estimated, with the pile of negative-yielding debt indicating growth will be slower in the future.“The slowdown in global growth is broad based,” Malpass said Tuesday in a speech in

Oil is up sharply as a result of the weekends events, but silver and gold aren't exactly following suit...