Gold prices reversed course to rise on Wednesday after the Federal Reserve’s rate cut, though uncertainty over next year’s policy outlook persisted, while silver hit an all-time peak. Spot gold rose 0.7% at $4,236.57 per ounce. U.S. gold futures for … Read More
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the 10-2 majority on the Federal … Read More
LONDON (AP) — The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank’s nine-member Monetary Policy … Read More
The price of spot gold climbed past $2,500 an ounce to a new record on Wednesday. The precious metal has rallied more than 20% this year on anticipation that interest rates could eventually ease. Since gold offers no yield, traders … Read More
Hong KongCNN — Japan has ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation. As part of the decision, the Bank of Japan (BOJ) … Read More
Germany’s industrial output fell for a second consecutive month in June, figures published this week show, with a drop of 1.5% far wider than the previous month’s slip of 0.1%. The German Economy Ministry warned that high energy prices and … Read More
Greetings from Tyler, It looks as though the war in Ukraine is going to go on and on. U. S. tanks and munitions are being expended at an alarming rate. It is said that the Ukrainian forces are short on … Read More
Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies also rise. Total balances on credit cards and other revolving accounts reached $1 trillion the week … Read More
US dollar-yuan divergence trade could spin out of control without intervention from China soon The US dollar-China yuan currency divergence trade is in full flow. Unless Beijing gets a grip on the exchange rate soon, the yuan could hit 15-year … Read More
Stocks and futures dropped across Asia, Europe, and the United States on Tuesday due to growing anxiety about the Chinese economy and the Communist regime’s refusal to deal honestly with its systemic problems. The trigger for Tuesday’s stock slide was … Read More