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Goldman Now Sees BOJ Scrapping Negative Interest Rate Tuesday

Goldman Now Sees BOJ Scrapping Negative Interest Rate Tuesday (Bloomberg) -- Goldman Sachs Group Inc. now expects the Bank of Japan will raise interest rates for the first time since 2007 at Tuesday’s meeting, after stronger wage outcomes and a number of news articles over recent days suggested a move is afoot.   “These developments [...] READ MORE

Silver Price Forecast – Silver Continues to Look Strong

Silver markets continue to look strong during the Thursday session as we continue to see buyers after that massive Wednesday candlestick. Silver Markets Technical Analysis Silver is hovering around the $25 level as I record this video and it certainly looks as if it is trying to break out yet again to the upside. It [...] READ MORE

Global silver production to grow by 4.1% in 2024, amid operation resumption

Dive into the details of this anticipated resurgence and the factors shaping the global silver market. Global silver production trends from 2010-2030. Credit: GlobalData. Global silver mine production is expected to rebound in 2024, with a 4.1% growth rate to 916.1 million ounces.   The increase will predominantly be fuelled by the resumption and ramp-up [...] READ MORE

Florida’s Housing Market Sees Price Drop AmidInsurance Crisis

The number of "motivated sellers" in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state's insurance crisis.   As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments, condos, townhomes, and lots, were listed for sale on Zillow. [...] READ MORE

US Consumers Feel the Pinch as Inflation ConcernsLinger

Black Friday shoppers walk to stores as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban Purchase Licensing Rights LONDON, March 15 (Reuters) - High prices [...] READ MORE

Yellen Says She Regrets Saying Inflation Was‘Transitory’

Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary.   “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or [...] READ MORE

Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation

Growth and inflation projections may edge higher this month Economists expect tapering of balance sheet to start mid-year A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to economists surveyed by Bloomberg News.   The Federal Open Market Committee will [...] READ MORE

Goldman’s CEO Says He’s Optimistic About 2024 as Markets Rebound

(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he’s optimistic about this year as his firm expects to reap gains from a rebound in capital-markets activity.   The bank will focus on its two core businesses, global banking and markets, as well as asset- and wealth-management, Solomon said in his annual [...] READ MORE

Bank of Japan Eyes Policy Shift: Ending NegativeRates

People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights TOKYO, March 14 (Reuters) - The Bank of Japan has started to make arrangements to end its negative interest rate policy at the March 18-19 meeting, Jiji news agency reported on Thursday.   [...] READ MORE