Fed Could Slash Rates by 200 Points Over 8 Meetings, Citi Analysts Predict
Citi Research analysts predict an aggressive series of interest rate cuts by the Federal Reserve, starting in September 2024 and continuing through July 2025. They anticipate eight consecutive 25 basis point cuts, totaling a 200 basis point reduction, which would lower the benchmark rate from 5.25%-5.5% to 3.25%-3.5%. This forecast is based on recent economic […]
June Inflation Report: A Potential Game-Changer for Fed Policy and Markets
The upcoming U.S. inflation report for June, set to be released on Thursday, is poised to be a pivotal event for financial markets. This report could significantly influence the Federal Reserve’s decision on interest rate cuts, potentially impacting the timing of the first cut. A lower-than-expected inflation reading might encourage Fed Chair Jerome Powell to […]
Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025
BCA Research’s chief global strategist, Peter Berezin, predicts a 32% drop in the S&P 500 by 2025 due to an impending U.S. recession. Berezin argues that the Federal Reserve’s delayed approach to cutting interest rates will fail to prevent an economic downturn, which he expects to begin in late 2024 or early 2025. This bearish […]
U.S. Consumer Debt Hits $17.1 Trillion
Consumer debt in the United States has continued to rise, reaching $17.1 trillion in 2023, up from $16.38 trillion in 2022, according to an Experian study. This trend persists across all regions and generations, despite a brief decrease during the COVID-19 pandemic. However, experts like Joseph Mayans from Experian suggest that when adjusted for recent […]
MSNBC Host Calls For Biden Aides To Be Allowed ON STAGE With Him At Next Debate
MSNBC Host Calls For Biden Aides To Be Allowed ON STAGE With Him At Next Debate Authored by Steve Watson via modernity.news, MSNBC host Lawrence O’Donnell has called for allowing Joe Biden to have aides with him on stage to speak for him and help him sound coherent. Yes, really. This is where we are […]
Key Events This Week: CPI, Powell Speaks And Earnings Season Starts
Key Events This Week: CPI, Powell Speaks And Earnings Season Starts Usually the macro calendar goes quieter the week after payrolls but that’s not the case now as there’s a lot to digest this week with the US CPI report (Thursday) and Fed Chair Powell’s testimonies to the Senate and House committees (Tuesday and Wednesday) […]
India's Central Bank Makes Largest Gold Purchase in Two Years, Boosting Reserves
India’s central bank has significantly increased its gold reserves in June, adding over nine tons, which marks the largest addition in nearly two years according to World Gold Council analyst Krishan Gopaul. This brings India’s total gold reserves to 841 tons, reflecting a 37-ton increase in 2024. The substantial purchase aligns with a broader trend […]
Team Biden Goes On Monday Offensive, Declares “Firmly Committed To Staying In This Race”
Team Biden Goes On Monday Offensive, Declares “Firmly Committed To Staying In This Race” Much to the chagrin of panicked Democrats, President Joe Biden isn’t going anywhere. “I want you to know that despite all the speculation in the press and elsewhere, I am firmly committed to staying in this race, to running this race […]
Mixed Central Bank Buying Patterns Keep Gold Market on Edge
Gold prices have retreated slightly after a strong weekly rally, with the market focusing on central bank purchasing activities. While the People’s Bank of China paused its gold buying for a second consecutive month, India and Poland have added to their reserves. Despite this mixed signal, gold remains near $2,375 an ounce, supported by long-term […]
“A Death Squad Ruling”: The Press And Pundits Make Wild Claims In The Wake Of The Court’s Immunity Decision
“A Death Squad Ruling”: The Press And Pundits Make Wild Claims In The Wake Of The Court’s Immunity Decision Authored by Jonathan Turley, Below is my column in The Hill on the over-wrought reaction to the Supreme Court decision in Trump v. United States. Commentators seemed to compete for the most alarmist accounts from court-sanctioned […]