- Story Log
User | Time | Action Performed |
---|---|---|
-
Copper 'Pretty Well Set,' Artemis Investment Mgmt. Says
The global equities head at Artemis Investment Management says he likes "the dynamic for copper in terms of supply, demand balance." Speaking on Bloomberg Television, Alex Stanic says interest in copper from the corporate side, like in the case of BHP trying to buy Anglo American, shows copper is "pretty well set."
- Comments
- Subscribe
-
- Older Stories
- From federalreserve.gov|May 24, 2024
Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many concepts of r*, I interpret it to be the real policy interest rate that is neither stimulating nor restricting economic activity with inflation anchored at the central bank's inflation target. In the short term, policymakers must judge whether a given policy setting is restrictive or otherwise, and while this judgment is made with some idea of r*, a number of factors can influence the economy in the near term so that the current setting of policy usually differs from the value of r*. At the same time, policymakers continually update their view of the appropriate value of r*. Recently, for example, discussions have focused on whether or not r* has risen, which has important implications for the conduct of monetary policy. For the purposes of this discussion, I am going to be talking about the long-run, real value of r*, when inflation and employment have reached the Federal Open Market Committee's (FOMC) goals. Because of that, an estimate of r* points toward where monetary policy is headed over the longer run. This is important for policymakers deciding the best way to get there and also for investors and other members of the public who make decisions in the near term based on their expectations of future economic conditions. Much has been written on this topic, and different methods have been developed to estimate r*. My goal today is not to debate which statistical estimate of r* is best but rather describe what I believe are the economic factors behind the secul post: <=USD>:
*WALLER: ONLY TIME WILL TELL HOW IMPORTANT FISCAL WILL BE FOR R*
*WALLER: FINANCING PRESSURES MAY PUSH R* HIGHER IN COMING YEARS
*WALLER: HELPFUL TO LOOK AT REAL 10Y YIELD FOR MARKET VIEW ON R*
*WALLER: FACTORS THAT LOWERED NEUTRAL RATE MAY REVERSE IN FUTURE
- From brecorder.com|May 24, 2024
Copper prices dipped in London on Friday, as traders and investors reassessed the sustainability of a recent rally that pushed prices to record highs. Three-month copper on the ...
- From forexlive.com|May 24, 2024|9 comments
US durable goods orders for April • Prior month +0.9% • Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8% • Ex-transport +0.4% versus 0.1% expected. Last ...
-
- Newer Stories
- From forexlive.com|May 24, 2024|2 comments
The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 ...
- From brecorder.com|May 24, 2024
Gold demand in India slightly improved this week after prices corrected from a record high but retail purchases remained lower than normal prompting dealers to widen discounts, ...
- From youtube.com/markets|May 24, 2024
Citigroup Global Research Global Head Max Layton says gold is on track to reach $3,000 in the coming 12 months. He also comments on what he calls "off the charts" demand for gold ...
- Story Stats
- Posted: May 24, 2024 9:33am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 101