powell

Gold, silver rally amid bullish outside markets, dovish Powell

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are sharply higher in midday US trading Thursday, with gold notching a 3.5-month high …

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Fed will create ‘real pain’ as it ‘breaks’ the economy in 2023 – Lobo Tiggre

The Fed raised its benchmark rate on Wednesday by 75 bps, a move that was accompanied by hawkish rhetoric from Fed Chairman Jerome Powell. As the Fed continues to raise rates and weakening demand, this will “break” markets, said Lobo Tiggre, editor of TheIndependentSpeculator.com. “I’ll be very surprised if we …

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US Fed Set for Further Steep Rate Hike as Recession Fears Loom

The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession. American households have been squeezed by soaring consumer prices, propelling economic issues to the top spot among voter concerns in upcoming …

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Another jumbo Fed rate hike is expected next week — and then life gets difficult for Powell

First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting next week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%. “The November decision is a lock. Well, I would be …

Another jumbo Fed rate hike is expected next week — and then life gets difficult for Powell Read More »

Another Fed jumbo rate hike is expected next week and then life gets difficult for Powell

First the easy part. Economists widely expect the Federal Reserve to approve the fourth straight jumbo interest rate rise at its meeting next week. The three quarters of one percentage point hike would bring the central bank’s benchmark rate up to a level of 3.75%- 4%. “The November decision is a lock. Well I would …

Another Fed jumbo rate hike is expected next week and then life gets difficult for Powell Read More »

Growling Powell causes Goldman to cut its S&P 500 price target. again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever …

Growling Powell causes Goldman to cut its S&P 500 price target. again. Read More »

Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates

(Kitco News) Gold erased its initial Fed-induced losses, jumping more than 1% on the day. Prices reacted to Federal Reserve Chair Jerome Powell’s comments on recession and peak rates following a third consecutive 75-basis-point hike Wednesday. December Comex gold futures neared $1,700 an ounce as prices jumped more than $20 on the …

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Oil Sinks By 3% As Economic Slowdown Fears Weigh On Market

Oil prices dipped by nearly 3% early on Tuesday, losing around $3 from Monday’s close, as fears of a global economic slowdown intensified while fears of a loss of supply from OPEC’s second-largest producer, Iraq, abated. As of 8:43 am ET on Tuesday, Brent Crude was down by 2.82% at $102.19. The US benchmark, WTI …

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The stock market typically bottoms before the end of a Fed rate-hike cycle. Here’s how to make that bet pay off.

A lot of money can be made betting on when the Federal Reserve will “pivot” — that is, take its foot at least partially off the rate-hike gas pedal. Yet a lot of money can also be lost, as we saw on August 26 when the Dow Jones Industrial Average DJIA, -0.57% lost more than …

The stock market typically bottoms before the end of a Fed rate-hike cycle. Here’s how to make that bet pay off. Read More »

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sheet demandable assets” — Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist at the IMF The Federal …

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