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This week we cover the price movements of gold, silver, platinum, palladium, the U.S. Dollar Index, equities, and more. We discuss the yield curve inverting last week following the Fed’s announcement to cut the U.S. economic growth forecast for 2019. Thank you for listening to Golden Rule Radio. [thrive_leads id=’26614′]
[AP] Global shares mixed as US, China set to resume trade talks [Reuters] Bond yields on the canvas, Turkey’s lira on the ropes [Reuters] Oil falls as Trump calls on OPEC to boost output [Reuters] U.S. fourth-quarter GDP revised down; profits weak [Reuters] Exclusive: China makes unprecedented proposals on tech transfer, trade challenges remain – […]
[Reuters] Wall Street flat as global growth fears persist [Ahval] Turkish lira swap rates jump to 600 percent [Reuters] U.S. trade deficit narrows sharply as exports rebound [Reuters] Trump Fed nominee Moore says central bank should cut rates: NYT [Bloomberg] Here’s Why U.S. Bond Yields Plunged So Much Over the Past Week [Bloomberg] China’s First […]
[Reuters] Wall Street higher after two days of losses [Reuters] U.S. housing starts fall on weak single-family homebuilding [CNBC] Home prices in January see smallest gain in nearly 4 years: S&P Case-Shiller [CNBC] US auto sales are falling, and cars are more expensive than ever [CNBC] Bond market says not only is a recession coming, […]
[Reuters] Positive German data tempers equity selloff, safe havens in demand [Reuters] Oil prices fall as markets brace for potential U.S. recession [Reuters] No-deal Brexit increasingly likely – EU officials [Reuters] Fed’s Evans says good time to pause and be cautious [Reuters] Fed’s Harker still sees one rate hike ‘at most’ this year [Bloomberg] One […]
[Reuters] U.S.’s Lighthizer, Mnuchin to travel to China for trade talks: White House [Reuters] Brexit up in the air as May faces possible plot, parliament tries to grab control [Reuters] British PM May facing plot from minister to oust her: Sunday Times reporter [Bloomberg] Turkey Probes JPMorgan After Lira’s Worst Drop Since 2018 Crash [FT] […]
[Reuters] Fed rate hike, rate cut both ‘on the table’: Bostic [Reuters] Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point [Bloomberg] Weidmann Hits French Roadblock on Path to Replace Draghi at ECB [Reuters] Italy endorses China’s Belt and Road plan in first for a G7 nation [Reuters] Hundreds of […]
This week’s FOMC meeting will be debated for years – perhaps even decades. The Fed essentially pre-committed to no rate hike in 2019. The committee downgraded both its growth and inflation forecasts. Having all at once turned of little consequence, we can now dismiss the 3.8% unemployment rate and the strongest wage growth in a […]
