Diamond News Archives
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The Chicago City Council on Wednesday approved a $16.7 billion budget for 2022 designed to help the city recover from losses sustained during the pandemic, through measures including one of the biggest guaranteed basic income programs in the country.
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Gold prices edged higher in seesaw trading on Wednesday, buoyed by a fall in U.S. bond yields and a softer dollar, although strong risk appetite in equity markets kept bullion's gains in check.
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"Truly limited government involves limiting the discretion of the Federal Reserve. A solution involves imposing binding rules on both the Fed and Congress. The rules must specifically restrict the creation of 'liquidity and credit except in specific ways that are general, predictable, and...
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A key measure of the bond market’s expectations for inflation over the next five years — known as a break even — rose to a new high, briefly topping 3 percent on Friday. That meant investors expected inflation to average about 3 percent a year for the next five years, far higher than any time in the decade before the pandemic hit. Measures of inflation expectations over longer periods, such as over the next 10 years, also rose to multiyear highs.
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Rosenberg Research’s David Rosenberg believes runaway inflation warnings are exaggerated and deflation will eventually grip the U.S. economy.
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