It gained several industrial metals including silver as Covid-related restrictions eased in China. Andrey Rudakov/Bloomberg font size silver had sharply outgrown gold gains in the past three months, and its classification as both an industrial and precious metal could lead it down a path of higher prices. From Oct. 31 to Jan. 31, Comex silver … Read more
The Fed tries to control inflation without hurting the economy. Above, the Federal Reserve Bank Building in Washington, DC Stephanie Reynolds/AFP via Getty Images font size Many people take advantage of the new year for a fresh start. The market certainly did: After a painful 2022, it was Standard & Poor’s 500 It jumped 5.5% … Read more
It’s too early to announce the Goldilocks environment, even if the major asset classes at least point to a better opportunity for it. S&P 500 SPX Index Gained 5% this year, the high-tech Nasdaq Composite COMP It rose 8%, even with a seemingly daily influx of job cut announcements. Stay tuned on Thursday for a … Read more
font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more
font size Desmond Lachman writes that conditions in the US were already sufficient to justify a halt to the Fed’s rate hike. Kevin Deitch/Getty Images About the author: Desmond Lachman He is a senior fellow at the American Enterprise Institute. He was Deputy Director of the Policy Development and Review Department at the International Monetary … Read more
font size Tesla cut the prices of some of its vehicles by as much as 20% last week as inventory piled up and order prices plummeted. Brandon Bell/Getty Images High intergenerational inflation It was the story of 2022. This will not be the story of 2023. The bogeyman of negating inflation — and even some … Read more
