Bond Market's Recession Alarm Continues, Stock Market Impact Uncertain
A bond-market indicator signaling a recession has been flashing since 2022, the longest on record, but it doesn’t always predict immediate stock market trouble. Verdad Advisers analysts suggest this time might be different. Typically, equity investors react negatively when an inverted yield curve steepens, as it often signals a Fed response to economic downturns. However, […]
Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions
The Consumer Price Index (CPI) showed a slight and unexpected dip in May, suggesting potential price relief for consumers and raising questions about the timing of Federal Reserve interest rate cuts. Annual inflation eased to 3.3% from 3.4% in April, below expectations. Monthly inflation was flat, the lowest since July 2022, and core CPI, excluding […]
Dollar Tumbles as Traders Anticipate Fed Rate Cuts Following Inflation Data
The dollar fell on Wednesday after data showed May’s consumer prices rose less than expected, fueling speculation that the Federal Reserve might cut interest rates as soon as September. Headline inflation was flat, and core prices increased by 0.2%, both below forecasts. This has boosted the probability of a September rate cut to 73%, up […]
8 Suspected Illegal Alien Terrorists Arrested In New York, Philadelphia & LA
8 Suspected Illegal Alien Terrorists Arrested In New York, Philadelphia & LA For nearly a quarter-century, Americans have been subjected to mass surveillance via the Patriot Act. Yet, while the government violates the privacy rights of Americans with warrantless surveillance, the safety of the country is being undermined by top left-wing officials flooding the open southern border […]
U.S. Crude Oil Tops $79 as DOE Predicts Supply Deficit
U.S. crude oil prices rose above $79 per barrel on Wednesday, extending gains as the Department of Energy (DOE) and OPEC projected a supply deficit due to increased demand. The DOE raised its global oil consumption growth forecast to 1.1 million barrels per day (bpd) for this year, up from 900,000 bpd, while OPEC maintained […]
Gold Prices Rangebound Ahead of Key U.S. Inflation Data, Fed Decision
Gold prices remained stable within a narrow range on Wednesday as investors awaited U.S. consumer inflation data and the Federal Reserve’s interest rate policy announcement. Spot gold slightly dipped to $2,314.56 per ounce, while U.S. gold futures rose to $2,331.10. The market is focused on the Fed’s stance on rate cuts, influenced by persistent inflation […]
Asian Gold Demand Surges Despite Near-Record Prices
Despite near-record prices, gold demand in Asia is soaring as buyers seek a hedge against geopolitical and economic uncertainties. Spot gold is trading above $2,300 per ounce, up 12% year-to-date and close to its all-time high. Reduced confidence in real estate and equities is driving this demand. Analysts suggest that once economic conditions stabilize, interest […]
Appeals Court Upholds Ban On Student Wearing ‘Only Two Genders’ Shirt
Appeals Court Upholds Ban On Student Wearing ‘Only Two Genders’ Shirt Authored by Zachary Stieber via The Epoch Times (emphasis ours), A U.S. appeals court on June 9 upheld a ban preventing a Massachusetts middle school student from wearing a shirt reading “There are only two genders.” Another prohibition by school administrators, this time blocking […]
Consumer Prices Hold At Record Highs – Up 20% Since Biden Elected
Consumer Prices Hold At Record Highs – Up 20% Since Biden Elected The headline consumer price index was unchanged MoM in May – the smallest change since July 2022 – just less than the +0.1% MoM expected. On a YoY basis, headline CPI rose 3.3% (less than the 3.4% exp) – but very much stuck […]
Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans
Japan’s wholesale inflation surged in May at the fastest annual rate in nine months, driven by a weak yen that increased import costs. This rise complicates the Bank of Japan’s decision on raising interest rates, as higher prices from cost pressures could reduce consumption and hinder demand-driven inflation. Analysts note that with energy prices expected […]