Gold Up On Weakening USD as President Trump Threatens Veto of Aid/Relief/Stimulus Bill

Gold Up On Weakening USD as President Trump Threatens Veto of Aid/Relief/Stimulus Bill

#Gold #Dollar #aid/relief/stimulus #PresidentTrump #veto $DIA $SPY $QQQ, RUTX $VXX $XAU $GLD $USD Gold prices ticked higher Wednesday as weakness in USD offset worries about the aid/relief/ stimulus bill after President Trump threatened to veto the over porked legislation. Spot gold rose 0.3% at 1,865.01oz by 0333 GMT, while US gold futures held steady at […]

Weak Inflation May Lead Fed to Cut Interest Rates

Weak Inflation May Lead Fed to Cut Interest Rates

$USD, $SPY, $QQQ, $DIA FLASH: Slowing inflation may lead the Fed to cut interest rates, White House economic adviser Larry Kudlow said in a TV interview Monday. “The Fed is independent, but they have been themselves talking about coming and lowering their inflation target, which might mean a lower interest rate adjustment on their own […]

US GDP +3.2% in Q-1, Trump Policies Working

US GDP +3.2% in Q-1, Trump Policies Working

Reports of the demise of the US economy have proved unfounded as Q-1 activity showed strength. The US economy expanded at a 3.2% annual pace in the first three months of 2019,┬áthe government said Friday. The gain was well above forecasts. Economists polled had forecast a 2.3% increase in GDP. The economy grew at a […]

US Consumer Spending Rises, Inflation Continues to Strengthen

US Consumer Spending Rises, Inflation Continues to Strengthen

US Consumer Spending Rises, Inflation Continues to Strengthen Consumer spending increased solidly in June as US households spent more on restaurants and accommodation, building a strong base for the economy heading into Q-3, inflation rose moderately. The┬áCommerce Department said on Tuesday consumer spending, which accounts for nearly 70% of US economic activity, rose 0.4% last […]

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling $DIA, $SPY, $QQQ, $VXX US consumer spending rose a bit in July and annual inflation increased at its slowest pace since late Y 2015, diminishing expectations of a Fed interest rate hike in December. Inflation remains low even as the labor market is near full employment, a […]

Rising Inflation Has US Consumers “Hobbled”

Rising Inflation Has US Consumers “Hobbled”

Rising Inflation Has US Consumers “Hobbled” The FOMC members are wishing and hoping that inflation will start approaching their target of 2%. That could happen this year, but largely because of the rise in energy costs, not a generalized increase in consumer prices. The Consumer Price Index (CPI) rose solidly in September, led by sharp […]

This Week’s US Economic Calendar: Expected, Revised & Prior

This Week’s US Economic Calendar: Expected, Revised & Prior

This Week’s US Economic Calendar: Expected, Revised & Prior 26 September, Monday New Home Sales, August (10:00a EDT): 585-K expected, 654-K prior 27 September, Tuesday Case-Shiller 20-City, July (9:00a EDT): 5.1% expected, 5.1% prior Consumer Confidence, September (10:00a EDT): 98.0 expected, 101.1 prior (revised from 99.8) 28 September Wednesday MBA Mortgage Index, 09/24 (7:00a EDT): […]

Fed Welcomes Uptick in Inflation

Fed Welcomes Uptick in Inflation

Fed Welcomes Uptick in Inflation US consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32.5 years, pointing to a steady build-up of inflation that could allow the US Fed to raise interest rates this year. The cost of living last month was also pushed up by continuing […]