On the back of rising inflation numbers, US federal reserve has hiked interest rates by 75bps. Here are some key takeaways after today’s much-anticipated decision: – The US Federal Reserve has raised its benchmark rate by 75 basis points — the biggest increase since 1994 — to a range of 1.5%-1.75%. This comes in line … Read more
JPMorgan’s top executive Jamie Dimon said the Federal Reserve could be more aggressive than many may have anticipated when it comes to fighting inflation. “My view is a pretty good chance there will be more than four,” Dimon said during the bank’s earnings call Friday. “It could be six or seven.” The CEO on Tuesday … Read more
A Perfect Storm For Gold And Silver In theory, the past week should have been a perfect storm for gold and silver bulls, as the news fed investors a buffet of systemic risks. In one steam tray was China’s “Lehman Moment” with the impending default of the China Evergrande Group (OTC:EGRNF). In another steam tray … Read more
The Federal Reserve’s daily cash operations approached $1 trillion on Wednesday, as banks and other market participants drowning in cash look for somewhere to park their money. The Fed’s “reverse repo” facility, where financial institutions can deposit cash overnight, took in an all-time high of $992 billion on Wednesday, according to Fed data. Usage shot … Read more