Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs...
Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand
Gold traded below last week’s new high, even after Iran’s unprecedented attack on Israel over the weekend. Bullion rose as much as 1.2% as the...
Gold Hits Fresh High as Israel Prepares for Strike by Iran or Proxies
Gold surged to a fresh record as simmering Middle East tensions intensified buying momentum. Bullion broke the $2,400-an-ounce mark for the first time on Friday...
Bank of Japan’s Interest Rate Moves and the Record Price of Gold
Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all...
Gold Retreats as Robust US Jobs Data Dampen Fed Rate Cut Expectations
Gold pared gains after setting a fresh record above $2,350 an ounce, as investors shifted focus to a key US inflation reading later this week....
Gold Tops $2,300 After Powell Reiterates Rate-Cut Path This Year
Gold rose to another record, extending a weekslong rally after Federal Reserve Chair Jerome Powell reiterated that it will likely be appropriate to begin lowering...
The Madness is Just Getting Started!
Group of Gold American Eagle Coins, BU, on newspaper headline, stock market fall as Inflation rises. … [+] (Photo by: Lindsey Nicholson/UCG/Universal Images Group via...
Fed’s Operating Losses Swelled to Record $114.3 Billion in 2023
The Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances...
An Inflation Rate Of 20%
The US Federal Reserve building is seen past caution tape (Photo by Stefani Reynolds / AFP) AFP via Getty Images All the inflation reports have...
Fed’s Powell Ready to Support Job Market Even if Inflation Lingers
As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the...