Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. (Kitco News) – gold’s significant …
Gold has room to move higher but sentiment is starting to shift Read More »
Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. BankmanFried, who has been accused- dollars of stealing billions from FTX customers to pay debts incurred by his cryptofocused hedge fund, has …
Feds seized nearly $700 million from FTX founder Bankman-Fried Read More »
BENGALURU, Jan 20 (Reuters) – The US Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold interest rates steady for at least the rest of the year, according to most economists in a Reuters poll. Fed officials broadly agree the US …
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause Read More »
Jan 18 (Reuters) – Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is slowing. “I just think we need to keep going, and we’ll discuss at …
Fed policymakers call for further rate hikes to beat inflation Read More »