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[CNBC] Trump says he never threatened to demote Federal Reserve Chairman Jerome Powell [Reuters] Trump says new sanctions on Iran to start Monday, dials back rhetoric [Reuters] Johnson’s domestic dispute fuels debate in Britain over his PM credentials [Reuters] Istanbul votes in mayoral re-run, in test for Turkish democracy, Erdogan [Reuters] Iran warns war would […]
[Reuters] China state media urges U.S. to drop win-at-all-costs trade stance [Reuters] Iran says it will respond firmly to any U.S. threat as tension spikes [Bloomberg] Fed Loses Its Patience and Almost Everything You Can Trade Goes Nuts [Bloomberg] China Would Fight Trade War ‘to the End,’ State Media Says [WSJ] Global Central Bank Shift […]
June 21 – Neel Kashkari, Minneapolis Fed president: “In the Federal Open Market Committee meeting that concluded on Wednesday of this week, I advocated for a 50-basis-point rate cut to 1.75% to 2.00% and a commitment not to raise rates again until core inflation reaches our 2% target on a sustained basis. I believe an […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Forward, March These are truly remarkable times for hard assets. We are finally beginning to see signs that “king dollar” is joining the race to the bottom in the global currency devaluation wars. Jerome Powell and the Fed have […]
[Reuters] Wall St. slips as Iran tensions rise [Reuters] Iran-U.S. tensions take the edge off world stocks rally [CNBC] Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years [MSN/NYT] Trump Approves Strikes on Iran, but Then Abruptly Pulls Back [Reuters] China’s bank turmoil locks in moral hazard [Reuters] Clarida: Outlook […]
Gold price hits 5 year high as prices are moving fast. A dovish Fed announcement yesterday that left rates unchanged have put strong winds into the sails of gold as we quickly approach the $1400 level. Make sure you are positioned to take advantage of these opportunities in the gold & silver market. We cover […]
[Reuters] Fed rate-cut signal sends stocks up, bond yields and dollar down [Reuters] Gold soars to 5-year peak as US Fed signals rate cut [CNBC] 10-year Treasury yield drops as low as 1.97%, first time below 2% since November 2016 [Reuters] Oil jumps 3% to $63 as Iran shoots down U.S. drone in Gulf [Reuters] […]
[Reuters] Central banks’ dovish cooing keeps world stocks lulled near two-week highs [Reuters] Oil inches down as inventory data counters trade deal hopes [AP] Fed could signal a policy shift toward future rate cuts [Reuters] Trump pressures Fed’s Powell: ‘Let’s see what he does’ [Reuters] China says history shows positive outcome from U.S. talks possible […]
