Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates
Federal Reserve Governor Christopher Waller stated that while recent data indicates inflation is easing and further interest rate hikes may not be needed, he requires several months of positive inflation data before supporting any rate cuts. Speaking at the Peterson Institute for International Economics, Waller noted the impact of higher rates on reducing demand and […]
Oil Prices Slide as Fed Signals Longer High Rate Environment
Oil prices dropped by more than $1 on Tuesday as concerns over prolonged high U.S. interest rates, driven by persistent inflation, led to fears of weakened consumer and industrial demand. Brent crude fell to $82.17 a barrel, and U.S. West Texas Intermediate (WTI) slipped to $78.31 for June. The more active July contract also decreased. […]
Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers
The recent rally in gold prices has puzzled wealth managers due to its disconnect from the typically correlated US dollar and inflation-adjusted US Treasury yields. A significant factor behind this anomaly is the unprecedented rate at which central banks have been increasing their gold reserves since early 2022 to mitigate the risk of western sanctions. […]
High Food Prices Push Americans into Debt for Essentials like Groceries
Amid ongoing high food prices, many Americans are accumulating debt to afford groceries. Elevated costs have led families to use savings, credit cards, buy now, pay later programs, or payday loans, as highlighted by new Urban Institute research. Although these methods provide immediate relief, they can cause financial instability. Kassandra Martinchek from the Urban Institute […]
Biden Administration Blames GOP for Blocking Inflation-Fighting Measures
The Biden administration released a memo outlining its efforts to combat inflation and blaming Republicans for hindering these actions. The memo emphasizes President Biden’s focus on reducing costs and fighting corporate price gouging, despite inflation still being a concern. It highlights that while the economy and labor market are strong, Biden struggles to receive credit […]
Copper Surges to New Highs: Key Market Facts and Future Demand Drivers
Copper prices reached record highs on Monday due to a rally driven by short covering and speculative bets. Copper, primarily used in power, construction, and increasingly in green energy applications like electric vehicles and AI data centers, saw global consumption rise from 10 million metric tons in the late 1980s to 26.5 million tons in […]
Gold Prices Surge on Geopolitical Tensions, Then Dip After Fed Comments
Gold prices initially surged to an all-time high on Monday due to safe-haven demand amid increased geopolitical tensions following the death of Iran’s president. However, comments from Fed Vice Chair Michael Barr, indicating that interest rates would need to remain high to combat inflation, caused gold to pare its gains, trading around $2,410. Barr’s remarks […]
Trump Highlights 2nd Amendment As Vital Amid Illegal Immigration Crisis
Trump Highlights 2nd Amendment As Vital Amid Illegal Immigration Crisis Authored by Michael Clements via The Epoch Times (emphasis ours), The Second Amendment is vital for enabling Americans to protect themselves from the wave of criminals, drugs, and the mentally ill that are flooding across the U.S. southern border, former President Donald Trump told a […]
Map Shows Latest Cartel Activity In Mexico As Drug Lords Should Fear A Potential Trump Victory
Map Shows Latest Cartel Activity In Mexico As Drug Lords Should Fear A Potential Trump Victory Every six months, the US drug death catastrophe eclipses the Vietnam War. The vast majority of deaths are derived from fentanyl-laced narcotics, which come from Mexico (and chemicals sourced initially from China), via open southern borders pushed by radical leftists in the White […]
Maybe We’re Closer To “You’ll Own Nothing” Than We Realize
Maybe We’re Closer To “You’ll Own Nothing” Than We Realize Authored by Charles Hugh Smith via OfTwoMinds blog, Maybe we should rephrase the slogan to “you’ll appear to own things you don’t actually control and be happy.” The World Economic Forum’s catchphrase you’ll own nothing and be happy was widely mocked as an eyebrow-raising vision of a “sharing […]