Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime...
U.S. corporate greed has gone too far, says Norway fund manager
“‘We think in particular in the U.S. the corporate greed has just gone too far.’” That’s the head of Norway’s $1.3 trillion sovereign wealth fund,...
Fed’s Bullard doesn’t want to ‘stall’ on getting interest rates over 5%
The Federal Reserve should not “stall” on raising its benchmark rates until they are above 5%, said St. Louis Fed President James Bullard, on Wednesday....
Gold ends higher, tallies 5th straight weekly advance
Gold ended higher on Friday, with prices for the yellow metal logging their fifth straight weekly gain as investors monitored falling bond yields and fears...
How the Fed is ‘collapsing’ real estate activity with higher interest rates
U.S. real estate has undergone a dramatic slowdown in transaction activity in the months since the Federal Reserve began jacking up interest rates. Sales of...
Gold touches a fresh 8-month high on China reopening hopes
Gold futures touched a fresh eight-month high Wednesday as traders bet that China’s decision to drop COVID-19 restrictions on its economy would continue to boost...
Gold prices end lower after a 4-session rise to their highest since June
Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to...
The Fed delivered a message to the stock market: Big rallies will prolong pain
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy...
Fed’s Bullard says 2023 on track to be a ‘disinflationary year’
High U.S. inflation is likely to recede in 2023 thanks to aggressive Federal Reserve efforts to raise interest rates and cool off the economy, a...
Why gold prices may be headed for record highs this year
Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this...