February 23, 2024De-Dollarization: A Gradual Shift from US Currency ControlThe US dollar’s role as the global reserve currency is being challenged due to its use as a financial tool against countries like Russia and Iran. This has motivated nations, including the BRICS, to seek alternatives to the dollar, such as new international currencies and diversifying trade currencies, particularly in oil. While the shift away […] READ MORE February 23, 2024Fed's Hesitation on Rate Cuts Risks Economic Stability, Experts WarnEconomists are sounding alarms that the Federal Reserve might be on the brink of repeating past mistakes, this time by delaying interest rate cuts, potentially ushering in a recession. After admitting to being tardy in raising rates amidst the inflation surge of 2021 and 2022, the Fed now faces criticism for possibly acting too sluggishly […] READ MORE February 23, 2024The Looming Threat of Empty Office BuildingsThe commercial real estate sector is facing a crisis, made worse by the pandemic’s effect on office occupancy. Triggered partly by the 2008 Great Recession’s low-interest rates, which fueled investments in real estate, the sector is now under strain as loans become problematic due to vacant buildings. This situation not only affects landlords and banks […] READ MORE February 23, 2024The CPI Metric That’s Lower Today Than It Was in 1800Most people think prices just always go up. But that depends on how you measure the price. One asset shows that that’s not always the case. READ MORE February 22, 2024Mortgage Rates Continue to Climb in FebruaryMortgage rates have risen above 7%, reaching a two-month peak and sustaining this level for over a week, indicating a potential shift in home affordability trends. This escalation reflects the highest rates since late November, with the average for a 30-year fixed loan now at 7.16%. The increase is making it even more difficult for […] READ MORE February 22, 2024Concerns Arise Over CPI Data Accuracy with Response Rates LaggingThe consumer price index continued to draw relatively weak response rates in 2023, calling into question the accuracy of the widely watched US inflation data.The share of completed surveys that were used in the CPI estimation stood at 71% in 2023, the Bureau of Labor Statistics said Friday. While that’s been ticking up in recent […] READ MORE February 22, 2024Argentina's Inflation Eases in Milei's Debut Month Amid Economic OverhaulIn President Javier Milei’s first full month in office, Argentina saw a monthly slowdown in consumer price inflation to 20.6%, slightly below the anticipated 21%. Annually, inflation surged to 254.2%, marking the highest rate since the early 1990s post-hyperinflation period. Milei’s economic measures, including a 54% devaluation of the peso and lifting price freezes, contributed […] READ MORE February 22, 2024Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 MonthsGoldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook […] READ MORE February 22, 2024Gold Inches Higher, Supported by Soft Dollar and Rising Middle East TensionsGold prices saw a modest increase on Thursday, influenced by a combination of a dipping dollar and rising tensions in the Middle East. This uptick comes as investors are on the lookout for upcoming U.S. economic data, which is expected to provide further insights into the Federal Reserve’s stance on interest rates. The spot gold […] READ MORE « Previous 1 … 18 19 20 21 22 … 50 Next »
