Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]

Wall Street Finishes at Record Highs, Powell’s Remarks Boost Rate Cut Probability to 100%

Wall Street Finishes at Record Highs, Powell’s Remarks Boost Rate Cut Probability to 100%

$DIA, $QQQ, $SPY, $RUTX, $VXX FLASH: Stocks gained as investors interpret Fed Chairman Powell’s testimony before the House indicated a rate cut soon. Wednesday, US stocks finished higher on hopes of an interest rate cut later this month were signaled by Fed Chairman Powell’s commen to Congress that the central bank would “act as appropriate” […]

The ‘Volcker’ Rule Hobbles US Capital Markets

The ‘Volcker’ Rule Hobbles US Capital Markets

The ‘Volcker’ Rule Hobbles US Capital Markets Stop asking if the Hussein Obama era Volcker Rule works, it does not. Tuesday, a Key FOMC member in charge of bank supervision said that the Volcker Rule, which limits some speculative bank investments, is working poorly. The testimony before a congressional oversight committee comes amid lobbying efforts […]