Latest Updates Around The World
Mary Daly, president of the San Francisco Federal Reserve, said the U.S. central bank still needs to ensure inflation remains sustainably lower. She noted that while advances in artificial intelligence can help alleviate price pressures by increasing productivity, maintaining a modestly restrictive policy stance remains important, according to Reuters.Speaking at an event at San Jose […]
According to her, regulators should investigate whether prudential standards have contributed to the contraction and whether the standards reflect the actual risks. “In part, this is due to an overcalibration of capital treatment for these activities, resulting in requirements that are disproportionate to the risk and making mortgage activities too expensive for banks to participate […]
A short but busy week lies ahead on the United States economic calendar as spot cryptocurrency markets continue to shed recent gains. All eyes will be on the PCE inflation report this week, following last week’s CPI, and on Wednesday’s Federal Reserve minutes. January’s CPI came in slightly below expectations, with headline inflation at 2.38% […]
US consumer prices rose less than expected in January, reinforcing expectations that inflationary pressures will remain contained, according to Reuters. This keeps the prospects for rate cuts later this year intact.The consumer price index rose 0.2% in January, after an increase of 0.3% in December. On an annual basis, prices rose 2.4%, slightly less than […]
Federal Reserve Governor Stephen Miran has warned that the US central bank’s current monetary policy stance threatens to slow down an economy further supported by a series of budget initiatives from the Trump administration, including tax cuts, Reuters reported.Speaking at an event hosted by the Federal Reserve Bank of Dallas, Miran argued that policymakers may […]
U.S. stocks are feeling both the upside and the downside on Wednesday from a surprisingly strong report that said the country’s unemployment rate has improved over the past month.After initially rising to an all-time high, the S&P 500 swung to a loss before retreating to a gain of less than 0.1%. The Dow Jones Industrial […]
The Federal Reserve is likely to leave interest rates unchanged for now, as indicated by two central bank policymakers. Officials are awaiting further economic data on jobs and inflation, an AFP report said.Cleveland Fed President Beth Hammack suggested current interest rate levels could be maintained for an extended period, citing a cautiously optimistic outlook for […]
The global economy is entering an unusual and potentially difficult phase for bond investors, as public finances in major developed economies deteriorate rapidly – even in the absence of a financial crisis or pandemic. Unlike the extraordinary fiscal expansions we saw during the global financial crisis or Covid-19, the current surge in lending is taking […]
TLDR: Warsh’s Fed Treasury Accord could cut rates to 2.75-3.0% while reforming balance sheet policy Lower real returns tend to drive capital towards equities, gold and crypto, while bond yields fall significantly Reduced Fed support for long-term bonds combined with large Treasury issuance could lead to interest rate volatility International examples show that interest rates […]
Gold and silver prices have experienced one of the cruelest corrections in decades. After reaching an all-time high of almost US$5,600 per ounce in the last week of January, the gold price made a dramatic U-turn on January 30, falling to a low of US$4,400 in early morning trading on Monday (February 2). That is […]
