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Why the Fed looks likely to scramble back to a hawkish stance

Federal Reserve Chair Jerome Powell departs his news conference in March Flash back to August 2022, when Fed Chair Jerome Powell gave a nine-minute speech at Jackson Hole, Wyo., warning investors to expect “some pain” in the economy in order to lower inflation.   His blunt, hawkish remarks now seem like a distant memory. Over [...] READ MORE

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

KEY POINTS The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected. Personal spending rose 0.8% on the month, more than the personal income increase of 0.5%. The personal saving rate fell to 3.2%, down 0.4 percentage points [...] READ MORE

The Truth About Gold Jewelry

When it comes to gold jewelry, the truth is: not all gold is created equal.   Today, we’ll uncover the secrets of investment-grade gold jewelry that department stores won't tell you about. These little tips could change how you think about buying gold jewelry forever.   But first, let's dive into the latest news and [...] READ MORE

The Gold/Dollar Relationship Is Telling You To Prepare For A Deep Correction

I want to expand on an idea I posted to Twitter/X this past week. As I was researching the current rallies in gold and the dollar, I was interested in what the equity market says when both of them are moving together.   My initial thoughts were as follows: Most people consider gold to be [...] READ MORE

US inflation increases moderately; consumer spending boosts Q2 outlook

FILE PHOTO: U.S. inflation decelerating in boost to economy WASHINGTON (Reuters) - U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while.   The report from the Commerce Department on Friday, which also showed strong consumer spending last [...] READ MORE

Fed seen on track for Sept start to US rate cuts

FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington (Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year.   That was [...] READ MORE

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

KEY POINTS The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected.   Personal spending rose 0.8% on the month, more than the personal income increase of 0.5%.   The personal saving rate fell to 3.2%, down 0.4 [...] READ MORE

US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes

GDP advances an annualized 1.6%, slower than all projections First-quarter core inflation measure accelerates to 3.7% rate   US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.   Gross [...] READ MORE

Chinese retail investors drive gold surge on Shanghai exchange

Gold’s astonishing surge this year baffled analysts until a new player emerged: Chinese retail investors flooding the Shanghai Futures Exchange (SHFE). Despite global pressures like rising Treasury yields and a strong dollar, SHFE’s volumes tripled, driving gold prices skyward. With China’s historical affinity for gold and recent market turbulence, the influx signals a significant shift [...] READ MORE