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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

Zimbabwe’s Gold-Backed ZiG Weakens for First Time Since Debut

Unit sheds nearly 1% of value as it tracks gold price movement ZiG part of wider plan to abandon US dollar use, official says   Zimbabwe’s gold-backed currency the ZiG weakened for the first time since its debut earlier this month.   The currency traded almost 1% weaker at 13.38 per dollar on Thursday compared [...] READ MORE

There is a de-dollarisation happening in global economy – why not bring back ‘gold standard’?

Gold and Bitcoin rocked up with new pricing records in recent weeks. This is more than just coincidental. It’s been a busy month for both Bitcoin fans and gold hawks, with both reaching record highs on the back of soaring inflation, market volatility and high rates. While both assets typically attract quite polarising investors, their [...] READ MORE

Real Estate: Shocking Data

  Discover the latest trends in residential and commercial real estate that could reshape the entire banking sector! Join Alan Hibbard as he breaks down shocking data, revealing potential consequences for homebuyers, renters, and even the economy at large. From plummeting median home prices to collapsing apartment rents, find out how the real estate bubble [...] READ MORE

It’s not just investors watching the Fed: Central bankers across Southeast Asia are trying to time rate cuts to ensure their currencies don’t collapse

As 2024 began, Fed watchers thought it was a matter of when, not if, the U.S. central bank would cut interest rates. Four months into the year, most aren’t quite so optimistic: The Federal Reserve now is signaling that it’s in no rush to cut rates, thanks to a more resilient than expected U.S. economy [...] READ MORE

GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

KEY POINTS Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace, below the 2.4% estimate. The personal consumption expenditures price index, a key inflation variable for the Federal Reserve, rose at a 3.4% annualized pace for the quarter, its biggest gain in a [...] READ MORE

Gold gains despite higher US Treasury yields, weaker dollar lends support

Production of gold at Novosibirsk precious metals plant (Reuters) - Gold prices firmed on a weaker dollar on Thursday, even as U.S. Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.   Spot gold rose 0.8% to $2,333.79 per ounce by 2:07 [...] READ MORE