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Janet Yellen warns inflation decline might not be ‘smooth’

In a sit-down interview with FOX Business' Edward Lawrence, Yellen pushed back against stagflation concerns and maintained that progress on inflation has not stalled.   "I wouldn't expect this to be a smooth path month to month, but the trend is clearly favorable," she said. "That said, President Biden's top priority is addressing the issue [...] READ MORE

The Fed Will Slow QT. What Matters Is Where It Stops

The central bank has to shrink its balance sheet enough to rebuild its stimulus arsenal, but not so much that it destabilizes markets. You got this.Photographer: David McNew/Getty Images With interest-rate cuts off the table for now, the US Federal Reserve will focus on a different topic at next week’s policy-making meeting: when and how [...] READ MORE

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt (Bloomberg) -- Harvard University economics professor Kenneth Rogoff said both President Joe Biden and his predecessor and challenger Donald Trump risk sending US debt levels into dangerous territory as Washington fails to grasp that the era of ultra-low interest rates won’t come back.   “Washington in [...] READ MORE

Wall Street’s Recession Reversal Echoes2007’s Optimism, Warns Expert

Economic forecasters on Wall Street are nearly unanimous in having abandoned their calls for a recession, which they saw as a near-certainty just one year ago.   But this doesn’t mean the economy is in the clear. Wall Street forecasters are often wrong, and the level of complacency and groupthink is reminding one longtime market [...] READ MORE

IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore

Reuters this week reported that the divergence between IEA and OPEC demand numbers is the largest in 16 years. The IEA predicted last year that oil demand would peak before 2030. OPEC has a vested interest in stronger global demand, so there may well be an overestimation bias in its outlooks. Ever since the International [...] READ MORE

JPMorgan Sees Gold Soaring to $2,500

Executive summary   The price of gold is often driven by a complex interplay of factors, including the U.S. dollar exchange rate, real yields, supply/demand dynamics and sentiment. In recent years gold has exhibited a tendency to react to real yields in an asymmetric manner, supported by strong central bank purchases. We are constructive on [...] READ MORE

U.S. Office Market Faces Major Glut, Warns BrookfieldExecutive

A person stands on the Hudson River shoreline as heavy fog hangs over the skyline of New York City and midtown Manhattan in the background, in Weehawken, New Jersey, U.S., February 27, 2024. CANNES, France, March 13 (Reuters) - The troubled U.S. office market is the world's most oversupplied and property investors have taken on [...] READ MORE

STOCK BUBBLE: You Need To See This Data – 1929Again?

Is the stock market on the brink of a major correction? Join Alan Hibbard as he navigates through historical data, drawing eerie parallels between today’s stock market and the prelude to the 1929 crash. From tech trends to valuation metrics, find out why experts are raising red flags and discover the disconnect between stock prices [...] READ MORE

Dimon Warns: US Economic Outlook Uncertain, Recession RiskLingers

Jamie Dimon (File Photo) Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates.   “The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via [...] READ MORE