A Little Known But Powerful Recession Indicator Is Flashing Red

A Little Known But Powerful Recession Indicator Is Flashing Red

The latest in a number of recession indicators has just begun flashing red. getty While last week’s consumer inflation (CPI) reading may have cracked open the window for avoiding recession, it might be too little and too late as a little-known but powerful recession indicator began flashing red last week. The 10-year Treasury minus 2-year … Read more

‘Angry’ Powell is on a ‘mission’, but inflation has become ’embedded’ – Jeffrey Tucker

‘Angry’ Powell is on a ‘mission’, but inflation has become ’embedded’ – Jeffrey Tucker

Federal Reserve Chairman Jerome Powell is “angry” about high prices, and is on a “mission” to crush inflation, said Jeffrey Tucker, Founder and President of the Brownstone Institute. “[Powell] believe he’s not going to get inflation under control until he can obtain a positive [real] interest rate… even if that involves bringing about a deep … Read more

Fed will create ‘real pain’ as it ‘breaks’ the economy in 2023 – Lobo Tiggre

Fed will create ‘real pain’ as it ‘breaks’ the economy in 2023 – Lobo Tiggre

The Fed raised its benchmark rate on Wednesday by 75 bps, a move that was accompanied by hawkish rhetoric from Fed Chairman Jerome Powell. As the Fed continues to raise rates and weaken demand, this will “break” markets, said Lobo Tiggre, editor of TheIndependentSpeculator.com. “I’ll be very surprised if we get too far into 2023 … Read more

Powell volatility: Gold price drops as Fed Chair says ‘ultimate level’ of rates will be higher than previously expected

Powell volatility: Gold price drops as Fed Chair says ‘ultimate level’ of rates will be higher than previously expected

(Kitco News) Gold lost all post-Fed statement gains as Chair Jerome Powell signaled that the “ultimate level” of interest rates would likely be higher than previously thought. He also said the window for a soft landing has “narrowed.” The precious metal quickly tumbled during Powell’s press conference, which followed Fed’s decision to raise rates by … Read more

Oil Falls Below $80 As Powell Warns A Recession May Be Looming

Oil Falls Below  As Powell Warns A Recession May Be Looming

Oil prices dipped by 5% early on Friday, with the US benchmark slumping to the lowest level since January, on the back of heightened concerns about slowing economic growth and recessions looming. As of 10:06 am ET on Friday, WTI Crude had dipped below the $80 a barrel mark, and was trading down by 5.58% … Read more

Growling Powell causes Goldman to cut its S&P 500 price target. Again.

Growling Powell causes Goldman to cut its S&P 500 price target.  Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates

Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates

(Kitco News) Gold erased its initial Fed-induced losses, jumping more than 1% on the day. Prices reacted to Federal Reserve Chair Jerome Powell’s comments on recession and peak rates following a third consecutive 75-basis-point hike Wednesday. December Comex gold futures neared $1,700 an ounce as prices jumped more than $20 on the day, last trading … Read more

Gold backs down as Powell reiterates hawkish Federal Reserve

Gold backs down as Powell reiterates hawkish Federal Reserve

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold prices are lower in midday US trading Thursday, pressured by comments from Federal Reserve Chairman Jerome Powell that again … Read more

Oil Sinks By 3% As Economic Slowdown Fears Weigh On Market

Oil Sinks By 3% As Economic Slowdown Fears Weigh On Market

Oil prices dipped by nearly 3% early on Tuesday, losing around $3 from Monday’s close, as fears of a global economic slowdown intensified while fears of a loss of supply from OPEC’s second-largest producer, Iraq, abated. As of 8:43 am ET on Tuesday, Brent Crude was down by 2.82% at $102.19. The US benchmark, WTI … Read more

Gold price tumbles after Powell, $1,600 a risk for next week – analysts

Gold price tumbles after Powell, ,600 a risk for next week – analysts

(Kitco News) After dropping nearly $25 following the highly anticipated speech by Federal Reserve Chair Jerome Powell, gold could be at risk of falling to $1,600 an ounce unless buyers step in to buy the dip, according to analysts. Gold is ending the week down 0.8%, with December Comex gold futures last trading at $1,748, … Read more