Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts per quarter but are uncertain about the pace,” […]
Tag: Federal Reserve
Peter Schiff Warns Investors of 2 ‘Huge Surprises’ — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy
Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too high for the Fed to “stimulate” with interest rate cuts. Peter Schiff Sounds Alarm on […]
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This monthly surge aligns with June’s 0.2% escalation, where food costs […]
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar stablecoins. Fed Steps up Crypto Oversight The Federal Reserve announced the establishment […]
Breitbart Business Digest: What Will Jerome Powell Do in Jackson?
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent Bloomberg Intelligence analyst observed that bitcoin’s 180-day volatility, hovering near record […]
Labor Market Heating Up Again, Putting Pressure on Fed For Another Hike: Conference Board
A key gauge for the U.S. labor market indicates more jobs will be added in the months ahead, suggesting the Federal Reserve will hike again later this year.
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience
JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024. JPMorgan Foresees U.S. Economic Growth Amid ‘Ridiculous’ Fitch Downgrade and Recession Fears Echoing […]
Atlanta Fed President: We Have Broad-Based Inflation and Fed Will Be Restricting ‘Well into 2024’
During an interview with Bloomberg on Friday, Atlanta Federal Reserve President Raphael Bostic predicted that “it will just take a while” for inflation to hit 2% and the Federal Reserve will be in a restrictive stance “well into 2024,…
The 5 Big Things That Are Shaping Our Economic Future
There is so much going on at the moment, both politically and financially that it can be difficult to know what to focus on when it comes to managing your investments. At times like these, it’s good to try to filter-out all of the “noise” and identify the major developing trends that will have the […]
The post The 5 Big Things That Are Shaping Our Economic Future appeared first on GoldCore Gold Bullion Dealer.