Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank’s multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at all. That’s because Fed holdings and the regime that’s grown to manage […]
The S&P 500 and the Dow opened slightly higher on Monday, as investors braced for a heavyweight run of earnings along with a closely watched Federal Reserve monetary policy decision later in the week. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 88.92 points, or 0.18%, to 49,187.63, the S&P 500 gained 8.82 […]
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue into the future. Here’s what you need […]
Japan’s two-year government bond auction drew solid demand on speculation the Bank of Japan isn’t rushing into the next interest rate increase. The auction comes 24 hours after the Bank of Japan’s first monetary policy decision under new Prime Minister Sanae Takaichi, who is seen as an advocate of relatively low rates. (AFP) The bid-to-cover […]