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...

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...

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...

Reuters end-Q2 global sovereign bond markets poll results

investing.com BENGALURU - Reuters polled more than 100 fixed-income strategists covering major sovereign bond markets from around the world during the closing weeks of one of the worst first half of any year for bonds in...

Eurozone Inflation Hits New High, Pressuring ECB

wsj.com Consumer prices were 8.6% higher than a year earlier, the highest since records began, adding pressure on policy makers to raise their key rate more aggressively.

Project Syndicate: A revolution on the supply side is needed to defeat inflation without crushing the global economy

marketwatch.com Even as interest rates rise, a recession can be avoided if policy makers recognize the role that supply-side measures must play in restoring price stability.

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...

Wall Street set for opening losses in gloomy start to second-half

investing.com By Amruta Khandekar - Futures pointed to opening losses on Wall Street at the start of the second-half on Friday, as investor worried about the hit to economic growth from the aggressive steps by policymakers...

Nordic central banks join the 50 bps rate hike club

investing.com LONDON - Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades. June saw the U.S. Federal Reserve...

Wall Street opens lower in gloomy start to second-half

reuters.com Wall Street's main indexes opened lower on Friday, starting the second-half of the year on a dull note, as investors worried about the hit to economic growth from aggressive steps by policymakers determined to stamp...

Futures, Yields Slide In Recessionary Start To New Quarter

zerohedge.com Futures, Yields Slide In Recessionary Start To New Quarter As DB's Jim Reid puts it "if you want the good news this morning it's that H1 is now finally over. If you want the bad news it's that there's...

Wall Street set for opening losses in gloomy start to second-half

reuters.com Futures pointed to opening losses on Wall Street at the start of the second-half on Friday, as investor worried about the hit to economic growth from the aggressive steps by policymakers determined to stamp out...

Stellantis Says EU's 2035 Combustion Engine Ban Means Auto Industry Is "Doomed" Unless EVs Get Cheaper

zerohedge.com Stellantis Says EU's 2035 Combustion Engine Ban Means Auto Industry Is "Doomed" Unless EVs Get Cheaper Today in "saving the environment while destroying the entire global economy news", major European...