Gold prices advance, rate cuts in focus as CPI data looms – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, helped by a decline in the dollar and Treasury yields on growing expectations of a U.S. interest rate cut ahead of the release of a key inflation reading. Gold edged higher this week, buoyed by reports that emerging market central banks are stockpiling the metal, […]
California Dems Touted Decline In Violent Blue City’s Crime Rate. But The Data Isn’t What It Seems
Top California Democrats have claimed crime has fallen in Oakland, one of the state’s notoriously crime-ridden cities, but the numbers they cited were deeply flawed in their reporting, the San Francisco Chronicle reported Wednesday. California Governor Gavin Newsom touted a 33% overall drop in crime in Oakland. June Auckland Mayor Shen Tao also stated in […]
‘more good data’ would boost case for rate cuts
Federal Reserve Chairman Jerome Powell told Congress that the U.S. economy is “no longer overheating” and that the job market has “cooled significantly” from pandemic-era extremes and is in many ways back to where it was before the health crisis, suggesting the case for lowering interest rates is strengthening. “We’re well aware that we now […]
Fed’s Powell says more ‘good’ inflation data would bolster case for rate cuts
Strategas’ Jason Trenerth says it’s hard not to get involved in the stock market on “Maria Bartiromo’s Wall Street.” Chairman of the Federal Reserve System Jerome Powell He said Tuesday that policymakers were encouraged by recent data suggesting inflation was receding, and continued progress would strengthen the case for cutting interest rates. “The data for […]
Silver (XAG) Daily Forecast: Price at $30.77; Rate Cut Speculation at 73% – FX Empire
Potential Federal Reserve Rate Cuts and Silver Prices The possibility of the US Federal Reserve (Fed) cutting interest rates has been a key factor in predicting silver prices, with the 10-year Treasury yield falling nearly 2 basis points to 4.27%, reflecting market expectations of a Fed rate cut. According to the CME FedWatch tool, there […]
The FBI Has “50-Percent Rate” Of Getting Speech Censored From The Internet, Court Filing Says
Estimated Reading Time: 2 minutes The FBI is successful at getting speech censored from the internet 50% of the time, the Department of Justice (DOJ) said in a September court filing as part of an ongoing free speech lawsuit. DOJ Solicitor General Elizabeth Prelogar said in a September court filing that the FBI successfully convinced social […]
Rate Hikes & QT to Fight Inflation while Offering Liquidity to Banks to Keep them from Toppling
Estimated Reading Time: 2 minutes An enormously important new regime gets engraved into central-bank handbooks. The ECB and Bank of England are also on board. It makes sense in this era of high inflation, QT, rising policy interest rates, and high financial fragility in the banking system, after years of money printing and interest […]
Schools Bracing for ‘Enrollment Cliff’ Amid Declining U.S. Birth Rate
Schools are reportedly preparing for an “enrollment cliff” that could see high schools and colleges close, staff lay off staff and school districts grappling with financial problems, in part due to a declining U.S. birth rate. The U.S. is expected to peak in high school graduating in 2025 or 2026, when about 3.9 million young […]
Unemployment Rate Climbs For Another Month As Job Gains Slump
In the United States, nonfarm payrolls increased by 206,000 in June, and the unemployment rate rose to 4.1%. according to According to Bureau of Labor Statistics (BLS) data released on Friday. Economists had expected payrolls to rise by 190,000 in June, much lower than the 272,000 gain in May originally reported, and had expected the […]
EUR/USD holds position around 1.0800 as softer US data escalate odds of Fed rate cuts – FXStreet
EUR/USD is rising as the US Dollar struggles due to growing expectations of a Fed interest rate cut in 2024. The U.S. ISM Services PMI fell to 48.8 in June, the biggest drop since April 2020. The euro could be volatile as the second round of the French election approaches this Sunday. EUR/USD continued its […]