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Central Bankers

All articles tagged with #central bankers

finance2 years ago

Gold and Silver Retreat as Bullish Momentum Pauses

Gold and silver prices are slightly down as profit-taking and consolidative pressure follow recent gains. Traders and investors are focused on rhetoric from central bankers, particularly the Federal Reserve. The U.S. dollar index is lower, crude oil prices are lower, and the yield on the U.S. Treasury 10-year note is at 4.865%. Technically, gold and silver futures are in an uptrend, with bulls having the overall near-term advantage. The next upside price objective for gold is to close above $2,050, while for silver it is to close above $25. Copper prices closed near the session high after hitting a 12-month low, with bears having the overall near-term advantage.

via Kitco NEWS|
#central-bankers#federal-reserve#finance
economics2 years ago

"Central Bankers at Jackson Hole Unveil Growing Crisis in Capitalist Rule"

The recent Jackson Hole meeting of central bankers in Wyoming revealed a deepening crisis of capitalist rule as policymakers expressed perplexity and uncertainty about the dynamics of the global economy. The meeting highlighted major changes in the labor market, energy markets, and geopolitical divisions, while also raising concerns about public debt and the capacity of governments to provide fiscal support. Central bankers were unsure about the effectiveness of interest rate tightening to address inflation, and the rocky obstacles of economic slowdown in China, higher interest rates, commercial property crisis, and political turmoil in the US were not addressed. The article emphasizes the growing global upsurge of the working class and the need for an independent socialist perspective to challenge the profit system.

via WSWS|
#capitalism#central-bankers#economics
energy2 years ago

Market Volatility Expected as Jackson Hole Gathering Approaches

Oil prices dropped over 1% as weak global manufacturing data raised concerns about the health of the global economy. Japan reported shrinking factory activity for the third consecutive month, while Eurozone business activity declined more than expected, particularly in Germany. The UK's economy is at risk of falling into recession. The upcoming annual meeting of central bankers at Jackson Hole, Wyoming, is expected to provide hints on the outlook for interest rates. Crude stocks in the US continued to fall, but the smaller draw than expected raised concerns about lower oil demand.

via Reuters|
#central-bankers#energy#global-economy
finance2 years ago

"Asia's Stock Market Rally Mirrors US Optimism, Eyes on Japan Yields"

Bonds dropped and stocks struggled for direction as traders analyzed comments from central bankers for clues on interest rate movements. European Central Bank President Christine Lagarde suggested the possibility of a rate hike, while Federal Reserve Bank of Minneapolis President Neel Kashkari expressed optimism about inflation despite potential job losses and slower growth. Yields on German bonds and US Treasuries rose. The Bank of Japan announced unscheduled bond purchases to contain a selloff after allowing yields to rise above a 0.5% cap. Earnings reports and government stimulus expectations in China influenced market sentiment.

via Yahoo Finance|
#bonds#central-bankers#finance
economics2 years ago

Central Bankers Powell and Lagarde Address Uncertain Inflation and Rate Hike Outlook

Federal Reserve Chair Jerome Powell and other central bankers are facing an uncertain inflation outlook as they navigate the post-pandemic recovery. With concerns about rising prices and supply chain disruptions, policymakers are closely monitoring inflationary pressures and weighing the appropriate response. The challenge lies in determining whether the current inflationary trends are transitory or more persistent, which will influence decisions on interest rates and monetary policy.

via The Wall Street Journal|
#central-bankers#economics#inflation-outlook