Markets The Fed and its chair Warsh delivered. The first rate hike, from 3.5%-3.75% to 3.75%-4%, in three years won’t be the last. Yesterday’s vote was unanimous and updated dots (ex. Warsh) show 16 out of 18 policymakers expecting another move this year. Eight of them have penciled in a third, final increase in 2027. […]
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Eurozone annual CPI accelerated from 2.9% to 3.2% in August, while prices rose 0.4% m/m, according to Eurostat’s final estimate. The annual reading was revised below the preliminary estimate of 3.3%, while core inflation excluding Read more…
Gold tested its critical 4,230.70 support after Wednesday’s hawkish Fed hike but held, rebounding on a bullish four-hour divergence—a credible reversal setup that still needs a firm break of 4,368.20 to be confirmed. The post Read more…
Bank of America delivered a message on Monday, Sept. 14, that worried investors. Chief Executive Brian Moynihan told a financial conference that the bank’s Wall Street businesses are slowing after a strong first half of Read more…