Fed gets newest policymaker, as inflation, recession fears mount

investing.com - Susan Collins started her job Friday as president of the Federal Reserve Bank of Boston, becoming the first Black woman to lead a regional branch of the U.S. central bank as it faces 40-year-high inflation and...

ECB Unlikely to Throw Caution to Wind on Rate Hikes Despite Record Inflation

investing.com By Yasin Ebrahim Investing.com -- The euro slipped against the dollar Friday as investors bet that the European Central Bank is unlikely to throw caution to the wind on rate hikes despite data showing inflation...

Gold Hit 7-Month Low as India Tax Hike Adds to Fed Rate Cudgel

investing.com By Barani Krishnan Investing.com -- For gold, the Fed doesn’t seem to be its only nemesis: it’s also Indian tax authorities. Bullion’s value took a further dive to briefly hit seven-month lows on Friday after the...

The Fed's Tightening Will Only Drag Out the Economic Slump

mises.org In response to the strengthening of the Consumer Price Index (CPI) growth rate yearly to 8.6 percent in May 2022 from 5.0 percent in May 2021, on Wednesday, June 15, 2022, the US central bank (the Fed) raised the...

Gold Stocks Enter the Contrarian Dream Zone

kitco.com The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was followed by more selling...

Powell Is The New Arthur Burns, Not The New Paul Volcker

zerohedge.com Powell Is The New Arthur Burns, Not The New Paul Volcker Authored by Ryan McMaken via The Mises Institute, Last year, just as it was becoming increasingly clear that price inflation was mounting, Jerome...

Manufacturing hits lowest level in two years

foxbusiness.com Economic activity in the U.S. manufacturing sector slowed more than expected in June to the lowest level in two years, as both demand and employment contracted according to the latest data. The Institute for Supply...

RBI Governor Shaktikanta Das Once Again Comments on the Dangers of Cryptocurrency

investing.com Shaktikanta Das, Governor of the Reserve Bank of India, has once again warned against the dangers of cryptocurrencies. Das described cryptocurrencies as a clear threat, claiming that such commodities, the value of...

And Then?"

zerohedge.com "…And Then?" By Michael Every of Rabobank "... And Then?" Thursday was another down day in most markets, with staggering moves in some. US stocks closed down (-0.9% S&P) and had their worst H1 since...

Crisis-hit Ghana changes its mind and turns to IMF for help

investing.com By Christian Akorlie ACCRA - Ghana, one of West Africa's largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government said on Friday, after hundreds took...

Blockchain.com, Deribit Demands Three Arrows Capital Liquidation

investing.com The cryptocurrency hedge fund Three Arrows Capital was having financial difficulties, and several of its creditors wanted the firm to be liquidated. Among those creditors were Blockchain.com and Deribit. According...

U.S. construction spending unexpectedly falls in May

investing.com WASHINGTON - U.S. construction spending unexpectedly fell in May as single-family homebuilding stalled, more evidence that the Federal Reserve's aggressive monetary policy tightening was slowing the economy. The...

U.S. manufacturing sector slows in June; new orders measure contracts

investing.com WASHINGTON - U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, more evidence that the economy was cooling amid aggressive...

Gold Stocks Enter the Contrarian Dream Zone

kitco.com The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was followed by more selling...

Ukraine war's disruption sends agriculture input prices up nearly 10% in Q1

investing.com - Russia's invasion of Ukraine has significantly disturbed global agricultural markets by sharply driving up prices of key products and inputs such as fertilizer and animal feed, the European Union's statistics...