Silver (XAG) Forecast: Will Inflation Concerns and Fed Policies Drive Silver Prices Higher? – FX Empire
Daily Silver (XAG/USD)Exchange traded fund (ETF) inflows, while not dramatic, supported the price movement. Meanwhile, demand from Asia remains weak as buyers remain reluctant. Technical indicators point to silver's next resistance levels at $31.76 and $32.52, and if momentum continues, it could rise towards $35.00. Geopolitical risks and a weak dollar continue to drive gains […]
$9 Trillion BlackRock Picks Bitcoin As Protection Against Fed Dollar Crisis – Bitcoinist
Black Rock The $9 trillion asset management firm's choice of Bitcoin as a hedge against a sudden crisis has strengthened the notion that Bitcoin may be the future of the financial sector. Federal Reserve Dollar Crisis. BlackRock turns to Bitcoin for safety Concerns The collapse of the US Dollar (USD) Concerns about Bitcoin are rising […]
Explained: Why the Fed lowering interest rates might be a BAD sign …
when Glenn Beck “This is election interference by the Fed,” was his first thought when he first heard the news that the Federal Reserve had cut interest rates by half a percentage point, the first cut since 2020. His second thought is that the last time the Fed did this, it didn't have good results. […]
Everyone Agrees the Fed Cut Was a Gift to Kamala Harris
The Fed's rate cut was a 'boon' for Harris' team Supporters of Kamala Harris and Donald Trump found something they could agree on: the Federal Reserve's half-point interest rate cut this week. Political gifts for Harris. “This is really a political move,” Trump said in an interview with Newsmax on Thursday. “Most people thought it […]
Biden Confusingly Makes False Claim He Never Met With Fed Chair Powell
President Joe Biden appeared to forget on Thursday that he had met with Federal Reserve Chairman Jerome Powell just two years ago. “I have never spoken to the Fed chairman since I took office,” Biden falsely stated in a speech to the Economic Club of Washington. Biden met with Powell in the Oval Office in […]
Which path will the Fed take to ease monetary policy?
The Federal Reserve Board A new easing cycle This week, the Federal Reserve Board cut the federal funds rate by half a percentage point at its Federal Open Market Committee meeting. Market participants took the news in stride, as they had expected the Fed to cut rates by that amount, not a quarter of a […]
The Fed finally cut interest rates — but let's not get too excited just yet
This week, the Federal Reserve Announced Cut the federal funds rate that it charges member banks by 50 basis points (0.5 percentage points). The expected effect would be that banks, with their reduced costs, would be able to charge customers lower interest rates on loans, and the cost of capital would fall, making capital more […]
Stocks Are Mixed as Euphoria Over Big Fed Cut Ebbs: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks fell and U.S. stock futures dropped on Friday as bad news on corporate earnings dampened euphoria over the trajectory of interest rates. Most read articles on Bloomberg Europe's Stoxx 600 stock index slumped 8.4% after Mercedes-Benz Group Inc. cut its earnings outlook due to weak sales in China. U.S. futures fell […]
Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus – Investing.com
Investing.com — Gold prices rose in Asian markets on Friday as the dollar weakened following a big interest rate cut by the Federal Reserve and markets welcomed the prospect of further rate cuts. Among industrial metals, copper prices rose on reports that China, the largest importer, is considering further support for its property market after […]
Dow jumps to another all-time high day after Fed cuts rates
Wall Street soared on Thursday, with the Dow Jones Industrial Average and S&P 500 closing at all-time highs after the Federal Reserve said it would kick off an easing cycle with a half-percentage point interest rate cut and that further cuts are expected. The Dow Jones Industrial Average rose 522.09 points, or 1.3 percent, to […]