Chinese Gold Fetches Huge Premium as Demand Improves: Bloomberg

2 days 2 hours ago
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019, according to data from the World Gold Council. Unusually, the two have steadily diverged over the course of the month, with the Chinese market remaining relatively firm despite pressure on international prices.

Chairman Powell and the Federal Reserve Board Talk Post-Pandemic Economy — 9/23/2022

2 days 4 hours ago
The Federal Reserve Board hosts an event on Friday with representatives from a range of sectors to share their perspectives on how the pandemic has re-shaped the economy. Federal Reserve Chair Jerome Powell provides opening remarks, and Vice Chair Lael Brainard and Governor Michelle W. Bowman each moderate conversations with leaders from nonprofits, small businesses, and the housing and education sectors.

The Great Central Bank Pivot

2 days 8 hours ago
The Great Central Bank Pivot is now underway around the globe, but it’s not the one Wall Street has been praying for. Instead of another round of easing juice to brake the obvious fall in economic activity, central banks en masse are racing to goose interest rates by 75 or even 100 basis points at a clip in order to quash the inflation surge. Just yesterday...
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4 hours ago
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