Diamond News Archives
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Gold was set for its first weekly gain in five as worries over the omicron surge and hot inflation drove investors to safe-haven assets.
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- Category: News Archives
- Hits: 411
The Federal Reserve is finally declaring war on inflation. On Wednesday Dec 15, Fed Chair Jerome Powell announced that - the fight the inflation it has played a central role in creating - the Federal Reserve will accelerate its tapering program and likely hike interest rates 3x in 2022.
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“The number of short-term risks remain elevated and that could ultimately lead to further inflows to gold now that much of Fed tapering and the (expected) initial rate hikes have been fully priced in,” said Ed Moya, analyst at online trading platform OANDA.
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- Category: News Archives
- Hits: 428
Like John Belushi from The Blues Brothers, Fed Chair Jerome Powell is saying that the markets lackluster response in terms of bond yields to his “hawkish” announcement yesterday “isn’t his fault.”
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- Category: News Archives
- Hits: 401
These ridiculous predictions assume there will not be another recession in "the longer run". I am confident there will be another recession by 2024. Admittedly, I am typically a early in my recession calls. But these clowns never see them and Ben Bernanke denied a major one we were already in. The only faith anyone should have in these Dot Plots is they will be amazingly wrong.
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- Chinese Banks To See Doubling of Bad Property Loan Ratio, Warns S&P
- Insider Alert - What is Mike doing with his portfolio now that gold and silver have dropped?
- Central Banks in Latin America’s Largest Economies Grapple with Raging Inflation
- In Unusually Candid Statements, China Admits a Rapidly Slowing Economy