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Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap For Friday, April 26
Video By:
SchiffGold
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Friday, April 26, 2024 8:30 PM EDT
JD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson.
Earnings To The Rescue Amid Rekindled Hope For Inflation Seasonality
Article By:
Stephen Innes
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Friday, April 26, 2024 6:49 PM EDT
Wall Street has significantly revised its expectations for Fed rate cuts in 2023. Traders have shifted their bets from initially anticipating seven cuts to now predicting just one.
Inflation Still Runs Hot, Gold And Silver Prices Stabilize
Article By:
Stefan Gleason
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Friday, April 26, 2024 6:20 PM EDT
The more the Fed loses credibility on inflation, the more investors will be drawn to precious metals for wealth protection.
Economic Outlook - Breaking Down Recession Odds
Video By:
Danielle DiMartino Booth
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Friday, April 26, 2024 5:34 PM EDT
We've actually now got payrolls that have turned negative - contracting.
GDP, Nowcasts, And Est’d GDO, GDP+, And Final Sales
Article By:
Menzie Chinn
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Friday, April 26, 2024 4:51 PM EDT
While both GDO and GDP+ have decelerated (the former to 0 ppts), final sales continues apace (3% q/q AR), suggesting continued momentum in aggregate demand.
U.S. Economic Growth Slows. Is There Cause For Concern?
Video By:
Russell Investments
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Friday, April 26, 2024 3:30 PM EDT
We discuss the U.S. first-quarter GDP, the latest inflation data, and the first-quarter earnings season.
In this video: SPY
Google, How Does One Get A Stock Higher? And What’s Stagflation?
Article By:
Interactive Brokers
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Friday, April 26, 2024 3:00 PM EDT
Things have changed in the past few months, but the tone of the equity market mostly has not. Good earnings from key companies can forestall changes in sentiment.
The Turn Is Coming
Article By:
Todd Sullivan
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Friday, April 26, 2024 2:12 PM EDT
The 10yr minus 3-month Treasury rate, called the Yield Curve, is moving higher at a rapid pace as investors adjust their inflation thinking to being more persistent in the 3%-4% range.
The Federal Reserve's $34.5 Trillion Problem
Article By:
Stefan Gleason
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Friday, April 26, 2024 2:00 PM EDT
Rising interest rates drove Uncle Sam’s interest payments to over 35 percent as a percentage of total tax receipts in fiscal 2023. The government is already paying more than a third of the taxes it collects on interest expenses.
AUD/USD Climbs 1.82% Across Four Sessions
Article By:
Finance Brokerage
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Friday, April 26, 2024 1:35 PM EDT
The Australian dollar has demonstrated remarkable resilience and vigor, charting a course of consistent gains throughout the week.
Fed Likely To Hold Rates Steady And Warn Of The Risk Of Delay To Cuts
Article By:
ING Economics
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Friday, April 26, 2024 12:57 PM EDT
Elevated inflation and strong activity and jobs numbers have pushed market expectations for the timing of the first interest rate cut to December.
In this article: SPY
Personal Spending Jumps More Than Income In March
Article By:
Mish Shedlock
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Friday, April 26, 2024 11:38 AM EDT
Disposable (after tax) income rose 0.5 percent in March. Real (inflation adjusted) income rose 0.2 percent. The rise in spending outpaced the rise in income.
Another Strong Personal Income And Spending Report, But Beware The Uptick In Inflation
Article By:
New Deal Democrat
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Friday, April 26, 2024 10:50 AM EDT
In March, nominally income rose 0.5%, while nominal spending for the second month in a row rose a sharp 0.8%.