Markets Oil prices are falling for a third day (including this morning) straight. A barrel of Brent is now trading at around $86.7, the lowest in two weeks. The downleg started on Monday, when USTS Bessent spelt out (some) details of his Operation Economic Outcast. That revealed a US preference for economic pressure rather than […]
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The US dollar has resumed its decline following a corrective recovery, as the support behind the currency proved insufficient to sustain the rebound. Selling pressure increased as long-term US Treasury yields fell amid reports that Read more…
In focus today In the US, the July PCE inflation figures, the Fed’s preferred measure, will be released in the afternoon. In June, PCE inflation was 3.7% y/y, still way above the Fed’s target. Core Read more…
Gold and Silver are pausing after a sharp rally, with Wednesday’s US data testing the yield channel and Friday’s Warsh Jackson Hole speech testing the deeper fiscal-credibility thesis behind the rally itself. The post Two Read more…