Fed’s Bostic says he is ready to ‘move away’ from big rate hikes

WASHINGTON, Nov 19 (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Saturday he is ready to “move away” from three-quarter rate hikes at the Fed’s December meeting and that he believes the targeted The Fed’s policy rate does not need to rise more than another percentage point to address inflation. “If the economy … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Fed to raise rates by 50 basis points, but peak policy rate could be higher

BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downshift in December to deliver a 50 basis point rate hike, but economists polled by Reuters say an extended period of US central bank tightening and a higher policy interest rate spike are the biggest risks to the current outlook. US consumer price inflation unexpectedly fell … Read more

The Fed may limit rate hikes, but it won’t “soften” the fight against inflation, Waller says

WASHINGTON, Nov 13 (Reuters) – The US Federal Reserve may consider slowing the pace of rate hikes at its next meeting, but that should not be seen as a “loosening” of its commitment to lowering inflation, the Federal Reserve said. Federal Reserve Governor Christopher Waller on Sunday. Markets should now pay attention to the “end … Read more

A little-known but powerful recession indicator is flashing red

The latest in a number of recession indicators is just beginning to flash red. getty While last week’s consumer inflation (CPI) may have opened the window to avoid a recession, it could be too little too late, as a little-known but powerful recession indicator started flashing red last week. The 10-year government bond minus the … Read more

‘Angry’ Powell has a ‘mission’, but inflation has become ’embedded’ – Jeffrey Tucker

Federal Reserve Chairman Jerome Powell is “angry” over high prices and has a “mission” to crush inflation, said Jeffrey Tucker, founder and president of the Brownstone Institute. “[Powell] believes he won’t get inflation under control until he has a positive [real] interest rates … even if it brings a deep … Read more

GBPUSD marches to two-month high of 1.1740 amid euphoric market mood, UK GDP harvest

GBPUSD is headed towards 1.1738 as a drop in US inflation has reduced aggressive Fed betting. Carnage in US Treasury yields and an upbeat mood in the markets have supported risk-sensitive currencies. Going forward, UK GDP data will be paramount. The GBPUSD pair is moving briskly to kiss its two-month high of 1.1738 during the … Read more

Gold and Manipulation: The Ultimate Gold Panel with Frank Giustra & Rick Rule

(Kitco News) – What is really driving the gold market as market manipulation rumors mount? Is there a major conspiracy to suppress the gold price and control this millennium-old money? Join Kitco News, LIVE on YouTube, Nov. 9, 2022, at 3 p.m. EST/12 a.m. PT to interact live … Read more

Hopes for Fed Pivot Fade as US Economy Returns to Growth

The US economy has surprisingly shrugged off a series of sharp rate hikes, indicating that the Federal Reserve’s campaign to contain historically high inflation is not over, new figures released today reveal. According to official US statistics, gross domestic product (GDP) rose 2.6 percent in the quarter, from a contraction of 0.6 percent in the … Read more