Precious metals news

The Fed lowered its inflation target for 2019, seeing the headline inflation growing at a slower pace at 1.5%, versus the 1.8% predicted in March.

(Which Also Confirm The Fed's Concerns) "These facts are in sharp contrast to strong job growth narrative... But then again, maybe the yield-curve is already telling the answer to these questions..."

The question often comes up: with all of the loosey-goosey monetary policy, historically low interest rates, liquidity injections and quantitative easing, why haven't we seen huge bouts of price inflation?
Some people then take the next step and suggest that since we haven't had huge bouts of inflation, this kind of loosey-goosey monetary policy should become the standard. With unlimited money at our fingertips, we can all have the proverbial free lunch.
Wolf Richter says there is a fatal flaw in this plan. Despite what the pundits tell you there have been huge bouts of inflation — "Pernicious, dangerous inflation."

Federal Reserve Chairman Jerome Powell resumed his two-day semiannual testimony to the Senate Banking Committee on Thursday.

Minutes for June meeting suggest ECB could cut interest rates or restart its $2.92 trillion bond-buying program...

Stocks rose on the back of testimony by Fed Chair Jerome that signaled easier monetary policy could be implemented later this month.

Such a standing fixed-rate repurchase agreement, or repo, facility would serve as a backstop against sharp spikes in interest rates in money markets...

In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan hunted for new ways to expand its loan business beyond the troubled mortgage sector.

The state investment firm has revived the specter of secular stagnation, as the prospect of rising interest rates recedes.

The dollar is set to slide in scenario... Treasury two-year yields may slide to 1% by the end of 2020 as the Federal Reserve makes a succession of interest-rate cuts to support growth....

Last week, the president said in a tweet that the U.S. should match China and Europe’s “currency manipulation game.”

...core CPI rose 2.1% YoY (hotter than the expected 2.0%) and above The Fed's 2 handle...

Gold will likely shine over the next six to 12 months as heightened risk meets easy money — this according to the World Gold Council's mid-year outlook.
Gold ranked as one of the best-performing assets through the first half of 2019, beaten only by stock markets - which have also been supported by the turn toward looser monetary policy - and oil. And if you combine gold's gains through H1 2019 and the Q4 2018, nothing beats it.

Bitcoin dipped almost 8% on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.

The U.S. Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a person with knowledge of the matter.Investigators, who have spent years examining Goldman Sachs Group Inc.’s lucrative dealings

A monetary misstep that exacerbated exchange-rate pressures could raise the specter of global financial instability.

Financial market uncertainty and accommodative monetary policy will likely support gold investment demand

Gold is trading near a six-year high on the prospect of lower rates...

Stocks are on a tear. Celebrating rate cuts. With the rate cuts comes a recession. No recession? No more rate cuts.

The company, which owns Stearns Lending and is the nation's 20th largest mortgage lender, had piled up an unsustainable amount of debt