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[Yahoo/Bloomberg] Stocks Edge Higher as US Data Keeps Mood Cautious: Markets Wrap [Reuters] Stocks hemmed in by rate risks; yuan wobbles [Yahoo/Bloomberg] Gold Climbs Toward Record Ahead of US Inflation Data Release [Yahoo/Bloomberg] Oil Holds Advance With OPEC+ Cutbacks and Geopolitics in Focus [CNBC] Cocoa prices hit $10,000 per metric ton for the first time […]
The issue of centralization vs. decentralization has probably dominated the history of the United States more than that of any other country. It’s not a new issue, nor is it peculiar to the US, but it has certainly loomed large here. Philip and Alexander made a hegemon of the Greek city-states; Caesar Augustus did the […]
[Yahoo/Bloomberg] Stocks Pull Back as Traders Await Fresh Catalysts: Markets Wrap [Reuters] Gold rises on hopes for Fed rate cut in June, softer dollar [Reuters] Oil prices rise as heightened geopolitical risk exacerbates supply concern [Reuters] Cocoa Is More Expensive Than Copper as It Tops $9,000 [Reuters] Intervention threat curbs dollar’s ascent towards new high […]
[Yahoo Finance] Inflation data, short trading week: What to watch this week [Yahoo/Bloomberg] US Inflation Gauge Seen Bolstering Fed Patience on Rates [Reuters] Google, Apple breakups on the agenda as global regulators target tech [Reuters] China told it faces ‘fork in the road’ as officials meet CEOs [Yahoo/Bloomberg] China’s Yuan a Standout Funder for Emerging-Market […]
Punch-Bowl Powell & Rational Exuberance This week, stocks posted their best week of the year after Fed Chair Powell and the Federal Reserve FOMC meeting spurred hopes that a summer pivot toward looser policy is on track. As a Bloomberg headline put it, “Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation.” Heading into […]
[Yahoo Finance] Senate passes $1.2 trillion spending plan, avoiding government shutdown [Reuters] Fed’s Bostic scales back to single rate cut on inflation concerns [Yahoo/Bloomberg] The Fed’s massive economic upgrade: Chart of the Week [CNBC] Why auto insurance rates are skyrocketing in the U.S. [Yahoo/Bloomberg] America Is Down to Its Last 100 Cotton Mills [Reuters] Putin […]
Powell: “I would say the January number, which was very high, the January CPI and PCE numbers were quite high. There’s reason to think that there could be seasonal effects there. But nonetheless, we don’t want to be completely dismissive of it.” “But I take the two of them [January and February CPI] together, and […]
[Reuters] Global stocks edge back down from latest all-time highs [Yahoo/Bloomberg] Stocks Set for Best Week of Year After Dovish Tilt: Markets Wrap [Yahoo/Bloomberg] China Jolts FX Markets as Yuan Suffers Worst Day in Two Months [Reuters] China yuan drops to four-month low, state banks step in [Reuters] Dollar steadfast as investors seek ‘carry’ [Yahoo/Bloomberg] […]
