High inflation to last awhile, Fed’s Bostic says, and it’s no longer ‘transitory’

High inflation to last awhile, Fed’s Bostic says, and it’s no longer ‘transitory’

The biggest burst in U.S. inflation in three decades is likely to last longer than expected and no longer should be considered “transitory,” a senior Federal Reserve official said.
October 13, 2021 0 Comments
US headed into another recession if consumer sentiment trend continues, economists say

US headed into another recession if consumer sentiment trend continues, economists say

The U.S. economy appears to be sliding into another recession based on declining consumer sentiment – even though employment and wage growth suggest otherwise, according to two academic economists.
October 11, 2021 0 Comments
Unrelenting Political Brinkmanship Edges U.S. Closer to Default

Unrelenting Political Brinkmanship Edges U.S. Closer to Default

(Bloomberg) -- Democrats and Republicans must decide in the next day or two how far to take their deadlock over the U.S. debt limit, which is pushing the country perilously close to a catastrophic default.
October 6, 2021 0 Comments
Morgan Stanley say silver might be a better inflation hedge than gold

Morgan Stanley say silver might be a better inflation hedge than gold

2) Silver may be a better inflation hedge “Historically, both gold and silver have made solid gains when US inflation is rising. Both metals are valued in US dollars, so when the dollar falls in value, gold and silver typically rise because they become less expensive to buy using other currencies. Given greater industrial demand, silver tends to rise more than gold...
October 4, 2021 0 Comments

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