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Dollar Bulldozes Its Way Through Asian FX With Help From Yuan

Greenback got a boost Tuesday as China loosened grip on yuan MSCI EM currency index falls to lowest level this year   The resurgent dollar cut a swath through global emerging-market currencies Tuesday, weakening many through closely watched levels that forced some officials to step in to stem the losses.   China’s move to weaken [...] READ MORE

Opinion: Cutting interest rates is misguided – the easy money would only fuel inflation

The Federal Reserve should keep credit conditions tight for now iStockphoto Federal Reserve Chair Jerome Powell is too focused on when to cut interest rates. First, it’s uncertain that U.S. inflation will head back to 2% and stay there, and second, Powell isn’t giving enough consideration to the hemorrhaging federal deficit.   The Congressional Budget [...] READ MORE

Stocks wobble after Powell warns that rate cuts will likely come later than expected

Federal Reserve Chair Jerome Powell speaks at Stanford University on April 3 in Stanford, California. Washington (CNN) — US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, keeping [...] READ MORE

Powell says conditions needed to cut rates likely to take longer to appear

Recent inflation data shows a lack of further progress on inflation, Fed chair says Federal Reserve Chair Jerome Powell (Photo by Nicholas Kamm/AFP via Getty Images) Most recent data shows a lack of progress this year on reaching the Federal Reserve’s inflation goal, indicating that more time is needed before it can lower interest rates, [...] READ MORE

Gold retreats as dimming rate cut expectations overshadow safe haven demand

Summary Fed's Powell: Restrictive rates policy needs more time to work Global silver deficit to rise in 2024 - Silver Institute Silver, palladium up over 1% April 17 (Reuters) - Gold prices edged down on Wednesday, but traded near their record high levels hit last week, as pressure from fading U.S. rate cut hopes overshadowed [...] READ MORE

Silver’s 44 Year Cup & Handle “Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake”

Embark on a thrilling financial journey as we explore the intricate history of silver pricing, highlighting significant chart patterns and predictions that suggest a monumental surge in silver's value. Dive deep into the relationship between the expanding currency supply since 1980 and silver's potential ascent to an astonishing $921 per ounce, supported by technical and [...] READ MORE

Gold holds steady as geopolitical risks counter rate cut concerns

Summary Gold hit record high of $2,431.29 per ounce on Friday Silver, palladium down over 1% Deutsche Bank forecasts gold at $2,400 by year-end April 16 (Reuters) - Gold prices held steady on Tuesday, as safe-haven demand amid ongoing tensions in the Middle East offset rising expectations of fewer U.S. rate cuts this year.   [...] READ MORE

For a record 446 days, this recession indicator pointed to a downturn that never arrived

A still-healthy U.S. labor market is one of the factors that has upended expectations for an economic downturn. One of the bond market’s most reliable signals of an impending U.S. recession remained inverted for the 446th straight trading session as of Monday — matching a record without producing any economic downturn.   The policy-sensitive 2-year [...] READ MORE

Huge debt costs mean climate spending could make emerging nations insolvent

LONDON, April 14 (Reuters) - Emerging countries will pay a record $400 billion to service external debt this year, and 47 of them cannot spend the money they need for climate adaptation and sustainable development without risking default in the next five years, according to a report released on the eve of IMF/World Bank spring [...] READ MORE