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This report reviews vulnerabilities affecting the stability of the U.S. financial system related to valuation pressures, borrowing by businesses and households, financial-sector leverage, and funding risks. It also highlights several near-term risks that, if realized, could interact with these vulnerabilities. A summary of the developments in the four broad categories of vulnerabilities since the October 2023 Financial Stability Report is as follows: Asset valuations. Valuations rose further to levels that were high relative to fundamentals across major asset classes. Equity prices grew faster than expected earnings, pushing the forward price-to-earnings ratio to the upper end of its historical distribution. Corporate bond spreads narrowed and currently stand at levels that are low relative to their long-run averages. Residential property prices remained high relative to fundamentals and prices continued to rise in recent months. Prices of commercial real estate (CRE) declined amid weak demand for office properties (see Section 1, Asset Valuations). 2. Borrowing by busine post: FED FINANCIAL STABILITY REPORT: PERSISTENT INFLATION AND TIGHTER MONETARY POLICY REMAINS THE MOST CITED POTENTIAL RISKS TO THE FINANCIAL SYSTEM. post: FED FINANCIAL STABILITY REPORT: NEARLY TWO-THIRDS OF RESPONDENTS MENTIONED POLICY UNCERTAINTY AS A RISK, SIGNIFICANTLY HIGHER THAN IN THE OCTOBER REPORT.
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Gold: chart Gold made an attempt to settle above the $2400 level as demand remained strong amid rising geopolitical tensions. In case gold settles above $2400, it will gain additional upside momentum and head towards the $2450 level. Silver: chart Silver rallied as gold/silver ratio pulled back towards the 83.50 level. From a big picture point of view, ...
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It is the world’s thinnest gold leaf: a gossamer sheet of gold just one atom thick. Researchers have synthesized1 the long-sought material, known as goldene, which is expected to capture light in ways that could be useful in applications such as sensing and catalysis. Goldene is a gilded cousin of graphene, the iconic atom-thin material made of carbon that ...