Goldman Sachs said central banks are expected to increase their gold purchases, helping gold prices rebound by year-end. Analysts Lina Thomas and Daan Struyven said in a report on May 15 that procurement volumes are expected to rise to an average of 60 tons per month by 2026. According to the revised projected cumulative volume […]
Most Federal Reserve officials warned that the central bank might need to consider raising interest rates if inflation remains above its 2% target. According to meeting minutes, at last month’s policy meeting, “many” officials urged the Fed to abandon its dovish stance and suggested that its next move might be a rate hike. The minutes […]
Philadelphia Federal Reserve Bank President Anna Paulson said she favors keeping interest rates stable and linking lower borrowing costs to sustained inflation control. Paulson said at a meeting organized by the Atlanta Fed on Tuesday: “A slightly tighter policy helps control inflationary pressures while maintaining labor market stability. Keeping interest rates steady allows us to […]
According to a report released by Japan’s Cabinet Office on Tuesday, the country’s real gross domestic product (GDP) grew at an annualized rate of 2.1% in the first quarter of this year, higher than the 1.7% previously predicted by economists and also faster than the 0.8% growth rate in the previous quarter, which was revised […]
On Monday (May 18, 2026), US Treasuries continued to be sold off, with the yield on 30-year Treasuries rising to its highest level in nearly three years, as investors’ concerns over accelerating inflation triggered a global debt sell-off. Oil prices continued to rise under the influence of US President Trump’s renewed pressure on Iran to […]
Michael Barr, a governor of the Federal Reserve, on Thursday rejected proposals to shrink the central bank’s balance sheet, saying they were wrong and posed a threat to financial stability. Barr’s remarks directly countered the call of the incoming Federal Reserve Chair Kevin Warsh, who has repeatedly warned that the Fed needs to shrink its […]
According to the annual survey by the Federal Reserve, the vast majority of Americans are worried about high prices in 2025, and an increasing number of people are also anxious about the job market. Last year, job growth was nearly zero. 42% of adults said that finding or keeping a job was something they were […]
The most severe inflation in the United States in years is once again eroding Americans’ incomes, with rising gasoline and grocery prices threatening household spending. The latest government data released on Tuesday shows that the war in Iran is intensifying inflation, adding to the woes of consumers who are already struggling with high living costs. […]
According to an analysis by Bloomberg of central bank accounts, Japanese authorities may have intervened in the foreign exchange market with another $30 billion just days after taking earlier action, the latest sign of their determination to support the yen. According to the accounts released by the Bank of Japan on Thursday and the predictions […]
Indian Prime Minister Narendra Modi has called on his countrymen to avoid buying gold for at least a year to protect foreign exchange reserves. This appeal is surprising in India, where gold plays a crucial role in savings, weddings and religious festivals. Modi said on Sunday: “Within a year, we should not buy gold jewelry […]