Fed’s Favorite Inflation Indicator Jumps To New 40-Year High, Savings Rate Plunges
The Fed’s favorite inflation indicator – PCE Deflator – was expected to accelerate in June and both the headline and core increased significantly (+6.8% YoY...
Gold Heads for Biggest Weekly Gain Since March on Rate Outlook
(Bloomberg) — Gold headed for its biggest weekly gain since March amid speculation that the Federal Reserve will slow the pace of interest rate increases...
JPMorgan’s Gold ‘Boss’ Led Plot to Spoof Prices, Jury Told
(Bloomberg) — Michael Nowak was “the boss” of a plot at JPMorgan Chase & Co. to manipulate gold and silver prices and worked with the...
Global Bonds Surge in Best Month Since 2020 on Recession Fears
(Bloomberg) — Inflation is so first half, as least as far as bond investors are concerned. Most Read from Bloomberg Global bonds are headed for...
Two US Cost Gauges Surpass Estimates, Stoking Inflation Concern
(Bloomberg) — Two key US inflation gauges posted larger-than-forecast increases on Friday, heightening concerns that prices will remain persistently high and prompt continued aggressive interest-rate...
REAL GDP SAYS: “Get Real! Trust not the Fed, economists or the president. The REAL economy is collapsing all around you!”
As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While...
“If The Fed Marches On, They’re Creating Another Lehman Situation”, Larry McDonald Warns Powell Is “Pumping A False Narrative”
Authored by Christoph Gisiger via themarket.ch, After a crucial week for global financial markets with all the big tech giants reporting quarterly earnings and The...
Worried about a Recession or Stock Market Crash? Here’s How Precious Metals Perform [CHARTS]
Convinced a recession is here? Worried the stock market isn’t done crashing? It’s a distinct possibility things could get worse. Which raises a natural question:...
Managing The Inflation Narrative Versus Actually Managing Inflation – The Felder Report
Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. And while inflation running over...
Housing Has Fallen Off the Cliff and Will Keep Falling – Mish Talk
Pending home sales courtesy of Trading Economics Pending Home Sales Fell 8.6% in June New home sales are recorded at signing. Existing home sales are...