Gold (XAU) Silver (XAG) Daily Forecast: Will Gold Break $3,000 as Fed Rate Cut Bets Rise? – FX Empire
The producer price index (PPI) was stable, with the annual rate falling from 3.7% to 3.2%, strengthening expectations for a lenient monetary policy. Silver is stable amidst the volatility of the market Silver (Xag/USD) is trading at $33.91 after soaking it in $33.67 early in the session. Metals remain well supported by economic uncertainty and […]
USPS signs agreement with DOGE, agrees to cut 10,000 workers
US Post Officer Louis DeJoy signed a contract with members of Congress on Thursday to sign the efficiency and agreement between the General Services Bureau and Elon Musk, cutting billions of dollars with 10,000 workers from the U.S. Postal Service Budget. In a letter to Congress, Dejoy lamented that the postal service had a “broken […]
U.N. Rolls Out DOGE-Like ‘UN80 Initiative’ to Cut Costs
UN Secretary-General Antonio Guterres announced on Wednesday the UN80 Initiative, a streamlining programme named after the 80th anniversary of the world organization. Skeptics suggested that the program will be a largely sensual attempt to drive US spending cuts by vaguely mimicking the government efficiency (DOGE) of America's new fat trimming. “These efforts aren't over in […]
Johns Hopkins University says it is cutting more than 2,000 workers due to cut to federal aid
Johns Hopkins University said Thursday it is cutting more than 2,000 workers as federal funding has been cut. “Over $800 million finished [U.S. Agency for International Development (USAID)] A school spokesman said in an email to the hill. “We can confirm that the elimination of foreign aid funds has resulted in 1,975 positions in 44 […]
Congress poised to force $1B cut to local DC budget, surprising many lawmakers
Congress is poised to pass a Trump-approved funding bill this week. DC officials warn that it will lead to a $1 billion cut in the district's local budget. The 99-page GOP draft StopGap funding bill will continue to run the federal government past the Friday night closure deadline at the 2024 level. Its passing is […]
Wes Streeting’s ‘high stakes’ abolition of NHS England will cut 10,000 jobs | NHS
Wes Streeting has ordered a restructuring of the NHS' “high stakes” that will scrap 10,000 jobs in an attempt to free cash for frontline care. Experts warned that the move to abolish NHS England and fold it into the Ministry of Health could divert the minister from the urgent work to finish treatment, but trade […]
Airlines see lower customer demand, cut back financial expectations
Several major US airlines have dialed quarterly financial expectations as the industry competes for softer demand from economic uncertainties and other factors. Southwest, the US and Delta were among the airlines announcing changes to guidance. Southwest says revenue per available seat miles is expected to increase by 2-4% in the first quarter, lower forecasts than […]
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Hold $2,900 as Fed Rate Cut Bets Rise? – FX Empire
“The uncertainty surrounding tariffs and the potential impact on global trade have strengthened the appeal of gold's safe haven,” said ANZ senior product strategist. The upcoming US Consumer Price Index (CPI) report is expected to offer further direction as it closely looks at inflation trends and the Fed's policy stance. As the dollar strengthens, silver […]
DOGE protesters hold moment of appreciation at key department rumored to be cut
Protesters of Elon Musk's government efficiency gathered outside the Department of Education on Tuesday to harbor a moment of gratitude and applause to the federal agency. Protesters, many of them, had signs of former Education Office officials saying, “This is what makes them look like democracy,” and saying, “Boycott Tesla!”, “Eron won't take away children,” […]
A look inside the shocking wasteful spending being cut from the federal government
EPA administrator Lee Zeldin opens up about the White House’s efforts to stop waste, fraud and abuse on ‘The Story.’ Subscribe … source