News
The Fed Is Contributing to a Hard Landing: El-Erian
Published: Friday, 01 July 2022 20:00 | 
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| Mohamed El-Erian, Allianz chief economic advisor, joins ‘Closing Bell’ to discuss whether consumers will slam the brakes on spending, if the Fed has a choice whether or not to aggressively hike rates and the odds of a hard landing.
We Need To Talk About Fed Liabilities
Published: Friday, 01 July 2022 20:00 | |
| Instead, liquidity in securities markets could continue to decline if banks continue to turn away from reserves. In many ways, this represents a return to traditional banking practices. But securities markets are unlikely to thrive if settlement liquidity is withdrawn.
Global Central Banks Look to China’s Renminbi To Diversify Away From the $US Dollar
Published: Friday, 01 July 2022 20:00 | |
| “We are seeing a gradual decline in the dollar,” said Massimiliano Castelli, head of strategy for global sovereign markets at UBS. “The picture that emerges is one of a multipolar currency system.”
Indian import tax on gold hiked from 7.5% to 12.5%
Published: Friday, 01 July 2022 20:00 | |
| (Kitco News) - India has raised its basic import duty on gold to 12.5% from 7.5% according to the government. India is the world's second-biggest consumer of precious metals trying to dampen demand and bring down the trade deficit.
Fed Funds Futures Point To Feb ’23 Reversal Of Fed Rate Hikes (Recession Alert!) As Inflation Soars
Published: Friday, 01 July 2022 20:00 | |
| Inflation is what is killing the US economy and millions of households. Financially speaking.