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Stock market losses wipe out $9 trillion from Americans’ wealth

Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year, according …

Stock market losses wipe out $9 trillion from Americans’ wealth Read More »

Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data

Market pricing in 20% chance of 100 basis point hike seen as ‘over the top,’ economist says Federal Reserve Chairman Jerome Powell gives a press briefing at the start of the pandemic in 2020. ERIC BARADAT/AFP/GETTY IMAGES Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next …

Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data Read More »

Fed’s Powell says bringing down inflation will cause pain to households and businesses

Fed will keep at task of lowering inflation ‘until the job is done,’ chairman says Federal Reserve Chairman Jerome Powell was confirmed to a second four-year term earlier this year with strong bipartisan vote in the Senate. DAVID PAUL MORRIS/BLOOMBERG Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat …

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We’re in a bear-market rally and you can expect the June 2022 lows to be broken

Investors must face their emerging depression about stocks and go through the acceptance stage The bear market for U.S. stocks may have ended at its mid-June low. Or it may be only half over. And, if the bear market’s second half is still ahead of us, the biggest losses may or may not be yet …

We’re in a bear-market rally and you can expect the June 2022 lows to be broken Read More »

U.S. bond yields inch higher as traders await Wednesday’s crucial inflation data

U.S. bond yields nudged higher Tuesday morning as traders sold off government debt ahead of inflation data that may impact the Federal Reserve’s thinking on the path for interest rates. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.259% rose to 3.247% from Monday’s 3.214% level. The yield on the 10-year Treasury TMUBMUSD10Y, 2.792% climbed to 2.803% from 2.763% on …

U.S. bond yields inch higher as traders await Wednesday’s crucial inflation data Read More »

Domestic fears of recession abate with a strong jobs report today

Today, the most important report of the week, the jobs report was released. Economists were expecting an additional 258,000 new jobs added last month. The Labor Department’s report revealed that the U.S. economy has had robust job growth last month adding over 500,000 jobs in July. The exceedingly strong numbers of today’s report diminish concerns …

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Gold’s Fed-induced short squeeze has disappeared

Market analysts started the week talking about the Federal Reserve potentially pivoting next month on its monetary policy. Those expectations were wiped off the board with just one data point. Data from the U.S. Labor Department showed that more than 500,000 jobs were created in July, significantly beating market expectations. Heading into the report, economists …

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Meet The CEO of Freedom Shield Capital – Cody Roeder

Cody Roeder Saw His Mom Lose Everything in 2008. On His Mission to Help Her Get it Back, He Realized His True Passion for Helping Others. Find Out More Below. Many people suffer greatly when there is a big economic collapse. During the 2008 global recession, families lost jobs, homes, and their entire savings as …

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Gold prices holding steady following stronger than expected

The gold market continues to trade near session highs and is seeing little price movement following stronger-than-expected activity in the U.S. manufacturing sector, according to the latest data from the from Institute for Supply Management (ISM). Monday, the ISM said its Manufacturing Purchasing Managers Index, fell to 52.8% in July, down from June’s reading of …

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A recession is here and is deepening; This is how investors can make gains

As the Federal Reserve prepares to raise rates on July 27th to fight high inflation, some analysts are forecasting a recession. Alfonso Peccatiello, Author of The Macro Compass, is one of them. Speaking with David Lin, Anchor and Producer at Kitco News, Peccatiello said that “we are literally in a recession.” A recession is often defined …

A recession is here and is deepening; This is how investors can make gains Read More »

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