Gold’s rise to its highest price in more than five years showed central-bank policy changes. Gold for immediate delivery traded Thursday for as much as $1,394 an ounce, surpassing the high end of its trading range since October 2013, according to data compiled by Bloomberg. The precious metal rose after the Federal Reserve and the … Continue reading All That Glitters
Anticipation that U.S. stocks will rise once the Federal Reserve begins reducing interest rates is at odds with recent history. Data compiled by CFRA Inc. show the S&P 500 Index fell 12.4% in the first six months after cuts started in 2007. The drop broke a post-World War II record of 9.5% set in 2001, … Continue reading U.S. Interest Rates
The Federal Reserve is targeting 2% annual inflation. The chart shows how rarely the central bank has been on the mark.
The Bureau of Labor Statistics released their consumer price index summary this morning.. The consumer price index increased by 0.4% in March after a 0.2% rise in February. It matched forecasts so no surprises there. The all items index increased 1.9% over the past 12 months ending March, up slightly from the 1.5% rise for … Continue reading Higher Gas Prices, but Inflation Still Low
THE FEDERAL RESERVE BOARD (Fed) Since World War II, the goal of the Federal Reserve Board (Fed) has been to stabilize prices and maximize the level of employment. To achieve these objectives, the Fed has believed it necessary to predict future inflation rates and to steer interest rates up or down to maintain stable prices. … Continue reading 2019 Second Quarter Commentary