NEWS
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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Fed To Continue "At Least" $120BN In Monthly QE To "Support Flow Of Credit To Households"
"The FOMC directed the Open Market Trading Desk at the Federal Reserve Bank of New York to continue to increase the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) at the current pace."
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Watch Live: Fed Powell Speaks on Monetary Policy Amid Covid Pandemic: 9/16/2020, 2:30PM ET
Federal Reserve Chairman Jerome Powell speaks Wednesday following the central bank's two-day policy meeting. The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.
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Fed Holds Rate Steady and Promises to Stay There for Years
The Federal Reserve concluded its two-day policy meeting Wednesday, with markets widely expcting no moves on interest rates.
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Fed's New Policy Approach Needs Some More Explaining
In practical terms, these changes mean the Fed will tolerate both faster inflation and lower unemployment than in the previous business cycle. Since the Jackson Hole conference, however, policy makers have revealed no appetite for changing policy in reaction to the new strategy framework.
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‘Don’t Do It’: Studies Flash Sub Zero Rate Warnings to Central Banks
Six years after the ECB cut interest rates below 0%, behavioural finance gurus have a message for other central banks thinking about taking the plunge: don't.
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Public Pensions’ New Inflation Dilemma
Caught between the Federal Reserve's new strategy for managing inflation and historically low bond yields, the plans now need to take a fresh look at their actuarial assumptions and inflation protection.
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Banks Lower Revenue Outlook as Pandemic Crimps Loan Demand
Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.
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Super Rich Step Up Big Stock Sales After Global Prices Surge
Some of the world’s wealthiest people have sold more than $3 billion of stakes in their major holdings since August, diversifying their fortunes as stock markets rebounded.
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Fed Changes Won’t Move Markets, Says Former Fed Vice Chair Alan Blinder
Alan Blinder, former vice chairman of the Federal Reserve, joins "Squawk Alley" to discuss what he anticipates from the upcoming Fed announcements.
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Not Since 1999 Homebuilders Have Never, Ever Been More Confident
"It is difficult to get a man to understand something when his salary depends upon his not understanding it..."
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Isn't It Obvious We Need a New System?
Why do we tolerate such a corrupt, undemocratic, exploitive, elite-dominated system? Because we have no other choice? No, we do have a choice.
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Down to Earth Aspects of the US Economy in Near Real Time
Long way to go, after 6 months of Pandemic.
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Unspoken Truth: NorthmanTrader
A subsidy benefitting the wealthiest while leaving the poor in the dust, a subsidy based on lies told by idiots signifying nothing other than a reflection of a bankrupt political system that is incapable of developing structural solutions and entirely dependent on ever more debt expansion and cheap money, a house of cards that will crumble when the efficacy of central intervention and the ever desperate efforts to make reality reach their limit.
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Shadow Banks Ride Out the Crisis While Virus Ravages India
The health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic.
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Emerging Market Central Bank Bond Buying Puts Credibility at Risk, S&P Global Says
Emerging market central banks could risk their reputations, sovereign credit ratings and even full-blown economic crises if their bond buying is pursued beyond the coronavirus crisis, S&P Global said in a report.
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Bank Job Cull Returns With Global Cuts Now Topping 60,000
After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings.
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Mortgage Securities Are Flooding the Market. Thank the Fed: WSJ
People are taking out lots of mortgages. The Fed is gobbling them up. Low mortgage rates have spurred a boom in home refinancing, which in turn has spurred a boom in the issuance of mortgage-backed securities.
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Will the Fed Use Yield Curve Control to Put Downward Pressure on the Dollar & Push Up Gold?
Any hint at Yield Curve Control will put downward pressure on the DOLLAR & push the precious metals higher as the threat of ever greater financial repression scares global investors. How bad does the FED want to stimulate inflation and deal with the negative effects at a later date? Waiting on you, Jerome.
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The EU Wants 30% of Its Massive Stimulus Plan to Be Raised via Green Bonds
Green bonds are a financial instrument that are earmarked, specifically, to raise money for projects related to climate change or the environment.
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Yelp Data Shows 60% of Business Closures Due to the Coronavirus Pandemic Are Now Permanent
Yelp on Wednesday released its latest Economic Average report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
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