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Hope in the Lesser of Two Evils This week marked another significant chapter in our ongoing and evolving saga. Consequential events revolved squarely around Jay “Volker” Powell and the Fed, labor market news, and potential developments out of China involving future Covid-zero policy. As expected, Fed Chairman Powell and the FOMC raised interest rates Wednesday—a […]
[Reuters] Wall St Week Ahead Inflation data, midterm elections loom for struggling U.S. stock rally [Yahoo/Bloomberg] Fed Watchers Put ‘Finger in the Air’ and See Rate Peak Above 5% [AP] Power blackouts across Ukraine amid Russian shelling [Reuters] Ukrainian forces brace for bloody fight for Kherson [Reuters] China vows to continue with ‘dynamic-clearing’ COVID strategy […]
The guy sounds like a discerning traditional central banker. Powell is an admirer of Paul Volcker’s fortitude, and he’s clearly drawing inspiration from the legendary Fed Chairman. Markets are growing impatient. It was a misstep for the FOMC to have inserted new language into its post-meeting statement: “In determining the pace of future increases in […]
[Yahoo/Bloomberg] Treasury Yields Climb After Strong US Jobs Report: Markets Wrap [Reuters] China stocks notch trillion-dollar gain on hopes of reopening, better U.S. ties [Yahoo/Bloomberg] Oil Rallies With Commodities on Optimism Over China Covid Easing [AP] US employers keep hiring at solid pace, adding 261,000 jobs [CNBC] U.S. payrolls surged by 261,000 in October, better […]
Powell raised interest rates again and doesn’t plan on stopping anytime soon, as the market expectations shifted Wednesday afternoon. We will cover gold’s reaction and silver’s reaction to the latest FOMC meeting. Thanks for listening if you enjoy be sure to subscribe to our YouTube channel for weekly precious metals price updates and geopolitical commentary. […]
[Yahoo/Bloomberg] Selloff Deepens After Fed Warning, BOE Rate Hike: Markets Wrap [Reuters] Dollar rallies as Fed signals more rate hikes; pound drops [Yahoo/Bloomberg] China Reopening Is Dominant Theme as Traders Seek an End to Rout [Yahoo/Bloomberg] Oil Drops as More Rate Hikes Overshadow Tightening Fuel Market [Reuters] Bank of England makes historic rate hike despite […]
[Yahoo/Bloomberg] Stocks Steady Ahead of Fed Meeting; Dollar Falls: Markets Wrap [Reuters] Dollar falls as Fed decision looms, yen and real gain [Yahoo/Bloomberg] China Traders Gripped by Frenzied Reopening Talk as Stocks Soar [Yahoo/Bloomberg] Oil Pares Gain in Rangebound Trading Ahead of Fed Decision [Reuters] Fed set for another big rate hike, may tamp down […]
Precious metals serve as a strategic safeguard in times of economic uncertainty. As part of a diversified portfolio, physical gold and silver offer protection against currency debasement, systemic risk, and financial market volatility. With ownership of physical metals comes an essential question: Where should I store my precious metals? While a home safe or temporary […]
