-
Why Interest Rates Aren’t Stopping Gold
These days it seems nothing can stop gold, not even the Federal Reserve. Gold continues to hit new highs as an increasingly uncertain world has more people turning to the safe haven asset, so much so that its performance has largely shaken off rising bond yields to which it has historically maintained a positive correlation. U.S. benchmark rates are hovering at 5.25 to 5.50 as of May and, after recent consumer price index (CPI) reports, they are now unlikely to meet expectations for three cuts in 2024. The first such cut was initially forecast to happen in June but the FedWatch Tool by CME Group is now indicating ... (full story)
- Comments
- Subscribe
-
- Older Stories
From themacrocompass.substack.com|May 16, 2024|4 commentsThe Fed hiked rates above 5%, and yet the US economy doesn't break. Back in 2022 already, the yield curve inverted and it has stayed inverted ever since. The lags looked ...
From @DBNewswire|May 16, 2024|4 commentspost: Fed’s Mester: It Will Take Longer to Gain Confidence Inflation’s Moving Toward 2% Fed’s Mester: Current Restrictive Policy Will Help Lower Inflation Fed’s Mester: Welcomes CPI Data Sign of Cooling Inflation Fed’s Mester: Expects Gradual Progress on Lowering Inflation post: FED’S MESTER: RISKS TO THE INFLATION SIDE OF FED MANDATE HAVE INCREASED. post: <=USD>:
*FED'S MESTER: PRUDENT TO HOLD RATES 'FOR LONGER' TO ASSESS DATA 
*MESTER: INFLATION PROGRESS WILL DEPEND MORE ON EASING DEMAND 
*MESTER: DATA SUGGEST RISKS TO FED'S INFLATION GOAL HAVE RISEN 
*MESTER: READINGS ON SHORT-TERM INF. EXPECTATIONS HAVE RISEN
From goldpriceforecast.com|May 16, 2024It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, ...
-
- Newer Stories
From corporate.nordea.com|May 16, 2024With no slowdown in sight for the US economy, the Fed will need to see several months of even slower price data before cutting rates. September is probably too soon, and we now ...
From ritholtz.com|May 16, 2024|2 commentsThe Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted ...
From financefeeds.com|May 16, 2024Social media influencers with a combined following of 4.5 million people have been charged in relation to promoting unauthorized investments, the Financial Conduct Authority (FCA) ...
- Story Stats
- Posted: May 16, 2024 1:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 349
