Investors are pricing in a roughly 78% chance of a quarter-of-a-percentage point reduction to a range of 2%-2.25% from 2.25%-2.50%, with the chances of a half-a-point cut holding at around 22% based on federal-funds futures, according to CME Group data.
Defense officials are rooting for the Senate to pass a massive $1.37 trillion two-year spending package this week, a measure that bumps up the Pentagon's spending power to $738 billion.
Currency markets suggest easing by global central banks will fail to boost inflation, say analysts at BofA Merrill Lynch Global Research. Here’s why.
Chairman Jerome Powell and the rest of the Fed will have to be convincing that the cut is happening to preserve growth...
The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that is in a downward spiral.
Many gold investors think they are contrarians, but it is not contrarian to be buying gold right now. Here's why...
Gold was either side of unchanged last night, trading in a range of $1422 - $1430. It slipped to its $1422 low during Asian time against a modest firming in S&P futures...
China's increase in its gold reserves in recent months aims to guarantee the safety, liquidity and value preservation and appreciation of its international reserves, an official said over the weekend.
The Federal Reserve's pivotal meeting on Wednesday, in which the central bank will decide whether to cut longer-term interest rates, has some traders turning to gold for protection.
“There has been a sea change in central banks’ attitudes toward gold since the financial crisis,” said Natalie Dempster, a managing director at the World Gold Council. “Europe is itself now a net buyer of gold – no one needs a sales agreement anymore.”
The gold market looks set up for a rally that could push prices to challenge crucial long-term resistance.
The gold price manipulation conspiracy theory makes some pretty extraordinary claims, but evidence to prove those claims does not exist...
“There is too much history of governments overpowering the wisdom of the central bankers and ending up ultimately in inflation,” Shiller said.
Ten years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning: They projected that Social Security’s…
While the British Pound gets pounded the reality is that Brexit is irrelevant to the future of the European Union. The euro is doomed with or without the UK...
It is no secret that the U.S. administration wants a weaker U.S. dollar. But would the U.S. cross into the world of currency intervention to make it happen?
Seattle is first city ‘in a number of years’ to see prices decline year-on-year...
What's most impressive is how things changed in 50 years.
Spain’s Big Five banks (already down from the Big Six) could soon be four.
There most likely is an unpublished agreement among the participating central banks not to buy any gold, but this private agreement is now being torn up...