November 4, 2022   United States: Gold Extends Gains After US Jobs Data Gives Mixed Signals Gold rose the most in a month after a US jobs report painted a mixed picture of the labor market, further clouding the outlook for the Federal Reserve’s rate hikes. Nonfarm payrolls increased 261,000 last month, far above the

November 3, 2022   United States: Powell Sees Higher Peak for Rates, Path to Slow Tempo of Hikes Federal Reserve Chair Jerome Powell opened a new phase in his campaign to regain control of inflation, saying US interest rates will go higher than earlier projected, but the path may soon involve smaller hikes. Addressing reporters

November 2, 2022   United States: Fed to Hike Big Again and Open Door to Downshift The Federal Reserve looks set to deliver a fourth straight super-sized rate increase with Chair Jerome Powell repeating his resolute message on inflation and opening the door to a downshift -- without necessarily pivoting yet. The Federal Open Market

November 1, 2022   United States: Stocks Gain With Economic Data in Focus Before Fed: Markets Wrap Stocks climbed and bond yields slumped, with traders awaiting economic data for clues on whether the Federal Reserve will decelerate its pace of monetary tightening to prevent a hard landing. The rally in equities is putting the S&P

October 31, 2022   United States: Morgan Stanley’s Wilson Says End of Fed Tightening Nearing The end of the Federal Reserve’s campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson, who until recently was a prominent stock market bear who correctly predicted this year’s slump in equities. Indicators including the

October 28, 2022   United States: US Core PCE Inflation Picks Up While Consumers Show Resilience A core gauge of US inflation accelerated in September, while consumer spending stayed resilient, indicating widespread price pressures and solid demand that reinforce the Federal Reserve’s case for another big interest-rate hike next week. The personal consumption expenditures price

October 27, 2022   United States: US Economy Rebounds as Consumers, Businesses Show Resilience The US economy rebounded following two quarterly contractions thanks in part to resilient consumers and businesses, though inflation and higher interest rates leave growth vulnerable in the coming months. Gross domestic product rose at a 2.6% annualized rate in the July

October 26, 2022   United States: US Dollar Drops to Three-Week Low as Traders Weigh a Fed Pivot A gauge of the dollar’s strength fell to a three-week low as traders bet the Federal Reserve will temper the pace of its rate hikes amid signs the world’s biggest economy is starting to slow. The Bloomberg

October 25, 2022   United States: Inflation’s Toll Starts to Drag on Consumers Powering US Economy There are early signs that US consumers, who have been largely resilient in the face of relentless inflation, are beginning to balk at high prices. From Whirlpool Corp. to Procter & Gamble Co., companies are noting that shoppers are

October 24, 2022   United States: Most in NABE Survey Say US Already in Recession or May Be Soon Almost two-thirds of respondents in a survey of business economists say the US is either already in a recession or has better-than-even odds it will be within the next year. A National Association for Business Economics