Tag Archives: Weaker

How this popular trade is boosting gold and bitcoin as hedges to a weaker dollar  MarketWatch The retail investor crowd has a new trade it is chasing. It’s fueling bitcoin and gold rallies  CNBC BlackRock IBIT and SPDR Gold ETFs Experience Dramatic Upsurge Amid Fiat Fears  OneSafe Bitcoin News: Why Everybody’s Talking About the ‘Debasement Trade’?  The Coin Republic Bitcoin and gold surge to …

One of Wall Street’s most closely watched voices delivered a blunt message to peers and policymakers: The U.S. economy is not faltering—it is accelerating. Torsten Sløk, chief economist at Apollo Global Management, said forecasts of an imminent slowdown have been repeatedly wrong, and the economics profession should start grappling with its track record of misjudgments. “The consensus has been wrong …

(Bloomberg) — Gold climbed to a record above $3,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown. Bullion rose as much as 2% to an all-time high of $3,833.59 an ounce — eclipsing a peak reached last Tuesday — after notching six straight weekly gains. Silver increased as much …

Fed expected to trim borrowing rates amid weaker labor market, Trump pressure  The Washington Post Fed set to cut rates, but forecast for rest of 2025 is key to markets with politics clouding the picture  CNBC What to Watch at the Federal Reserve’s September Meeting  The New York Times Federal Reserve poised to cut interest rates  NBC News The most extraordinary Fed meeting yet …

US payrolls benchmark revision estimate suggests labor market weaker than previously thought  Reuters JPMorgan CEO Jamie Dimon says the economy ‘is weakening’  CNBC Job market cracks are bigger than they originally looked  Axios BLS revision shows hiring was overstated by 911,000 jobs in past year  NPR Dimon Says US Economy Is Weakening After Record BLS Revision  Bloomberg.com Source link

Facebook Tweet Email Link The American jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday. The US economy added about 911,000 fewer jobs than initially estimated for the year ending in March, the Bureau of Labor Statistics report suggests. If this were to hold – the final annual benchmark …

The latest jobs report points to a labor market that’s faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics tomorrow to issue a major downward revision, showing the nation added hundreds of thousands fewer jobs than first reported. On Sept. 9, the BLS will release its preliminary benchmark revision to labor market data, which …

Facebook Tweet Email Link Reuters  —  Gold sailed past $3,500 per ounce to a record high Tuesday, as a weaker dollar and mounting expectations of a Federal Reserve interest rate cut in September boosted the precious metal’s appeal. The price of gold hit $3,508.50 per ounce. Bullion has gained more than 30% so far this year. “A corollary of the …

Oil settles higher on weaker dollar and Russian supply disruptions  ReutersView Full Coverage on Google News Source link

Oil rises on weaker dollar and Russian supply disruptions  ReutersView Full Coverage on Google News Source link