Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. Kevin Dietsch | Getty ImagesFederal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected.Citing data earlier this year showing […]
How China’s shifting growth picture could hit global markets
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China’s National People’s Congress on Sunday, March 5, 2023.Future Publishing | Future Publishing | Getty ImagesChina’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David Roche, president […]
Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
Which countries have the lowest inflation?
Many of the lowest inflation rates around the world are located in Asia. [Visual Capitalist] Investors are bracing for longer inflation. The Federal Reserve indicated that more restrictive monetary policy is in the cards amid strong employment gains. In Europe, while inflation has fallen, it is still far above the 2% target. Across the Euro […]
Fed’s Goolsbee says this is a ‘strange and unprecedented moment’ for U.S. economy
The U.S. economy is in a strange and unprecedented moment, according to Austan Goolsbee, the new president of the Chicago Federal Reserve Bank. In his first speech since taking office last month, Goolsbee said he had no doubt that the economy will face “bumps in the road.” He gave the speech at an event hosted […]
2023 US recession now expected to start later than predicted
WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.Fifty-eight percent of 48 economists who responded to a survey by the National Association for […]
Rising Energy Prices Are Pushing Millions More People Into Poverty
The energy and economic crises of 2022 plunged millions into poverty last year, with many people around the world struggling to pay their energy bills and contend with rising consumer costs. While Europe and other parts of the world made it through the winter with enough natural gas to power heating, lighting, and cooking, ongoing […]
It has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues to show signs of strength.”I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation,” Dimon said in […]
AI Paves the Way for CBDCs and a ‘Scary as Hell’ Future, How to Protect Yourself: Frank Giustra
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine […]
A new inflation warning for consumers coming from the supply chain
An Optoro warehouse in Tennessee that handles returns for retailers.Source: Matt Adams | OptoroAs the markets prepare for the latest consumer price index data on Tuesday, logistics managers are warning of a persistent source of inflation in the supply chain, and saying consumers should be ready for the impact it will have on their wallets. […]