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The Bank of Japan will continue monetary easing to achieve its 2% inflation target accompanied by wage hikes in a sustainable and stable manner, new deputy governor Shinichi Uchida said on Wednesday. The comment followed Ueda's view earlier that it was appropriate to maintain the central bank's ultra-loose monetary policy for now as inflation has yet to sustainably mee...
Currency traders may be looking forward to a far more relaxed time than other markets counterparts around Wednesday’s US inflation data amid expectations that any upside in price pressures would fail to sustain gains in the dollar.
Traders are piling into China’s government bonds, driving benchmark yields to the lowest since November on bets that more monetary easing may be on the way.
The euro area faces a risk of entrenched inflation that the European Central Bank is determined to combat by keeping interest rates high for a sustained period, Governing Council member Francois Villeroy de Galhau said.
The Federal Reserve will offer new insight Wednesday into how policymakers reached one of their most difficult decisions in years, shrugging off bank failures that roiled markets last month to deliver a quarter-percentage-point rate hike amid signs of stubborn price pressures.
The largest US banks are about to reveal how they fared as customer deposits came under siege in the first quarter.
Federal Reserve Bank of New York President John Williams has dismissed the idea that the central bank’s rapid fire interest rate increases were behind last month’s failure of two US banks. The International Monetary Fund begs to differ.
Inflation Data Will Shatter the Stock Market Calm, Goldman Partner WarnsApr 12, 2023 - 05:20:11 PDT
This week’s lull in the US stock market is likely to end with Wednesday’s consumer price index report, and Goldman Sachs Group Inc. partner John Flood has offered a set of guidelines for what investors may soon face.
Here Comes the CPI Report: Inflation Data Expected to Show Continued Signs of Cooling in MarchApr 12, 2023 - 05:17:48 PDT
Wednesday's data could help determine the pace of the Federal Reserve's interest rate hikes in its battle against inflation.
U.S. stock futures wavered ahead of key inflation data out Wednesday.
The ink wasn't even dry on the newly printed money to bail out the banking system before people came out of the woodwork to blame the failure of Silicon Valley Bank and Signature Bank on "deregulation."But is the deregulation boogeyman really to blame?In a word, no!
Price inflation continued to cool with March headline annual CPI coming in at 5%. This was lower than expected and may give the Federal Reserve some wiggle room to slow down or even end rate hikes.But it's a mirage.Despite the cooling trend, price inflation remains well above the Fed's target and victory in the inflation fight isn't imminent.
Gold was up 9.2% to a quarterly average of $1,980 an ounce in the first quarter of 2023. This was just 1% off the record high charted in Q3 2020.
The dollar rallied and gold sold off on Monday after the March labor report came in at expectations and comments by the new Bank of Japan governor indicated he plans to continue the country's ultra-loose monetary policy. In his podcast, Peter explains how traders continued to get both jobs and inflation wrong.
Mike Maloney is the founder of GoldSilver.com, one of the world’s most popular online bullion sites - but he has also been buying Bitcoin since 2014. Find out what he thinks about Bitcoin’s recent move above $30,000 and why he fears that a massive ‘witch-hunt’ is well underway in the crypto space. Has Mike sold all of his Bitcoin? What has he done to maximize not only his gains, but his ability to sleep at night?
EXPLODING U.S. GOVT DEFICITS: Crucial For Investors To Protect Wealth & Purchasing Power In SilverApril 12, 2023
The U.S. Treasury released a "Shockingly High" monthly account deficit report for March. Also, the U.S. government budget for Fiscal 2023 is now totally useless. With U.S. deficits exploding, it's crucial for investors to protect wealth and purchasing power in silver...
Apr 11, 2023 - 13:21:00 PDT
“I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.” Alan Greenspan
Central banks accumulated gold at the fastest pace on record in the first two months of 2023, according to a report by the World Gold Council’s (WGC) Krishan Gopaul. In January and February, central banks collectively bought a net 125 tonnes of the metal, the highest amount for the year-to-date period since banks became net buyers in 2010.
Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies.
Under-Allocated: With gold making yet another attempt at breaking out through that all-important US$2000 level, it’s worth reflecting on this pair of charts. Firstly, as discussed in the latest report, gold has been (and likely will continue to be) boosted by falling bond yields and a weaker US dollar. From a technical standpoint it has so far managed to hold onto the $2000 level, and has seen its 200-day moving average turn up with strong cross-currency breadth.