The forum emphasized that a rate cut could help mitigate some of the increased costs that freelancers and business owners are expected to face in 2025.
CPI is up, which is good. But record household debt is a sign of “inflation fighting inflation.” Persistent inflation could be with us for years, say analysts.
$531B in Treasury Auctions settles today, spotlighting hidden risks in the dollar system. As bank reserves thin, central banks may face tough choices, affecting inflation and monetary metals.
The high cost of the war and the supply problems it has caused, tax hikes expected in 2025, and wage increases, are all pushing prices upwards.
Longtime economic commentator believes the West should be paying more attention to adversaries
The yellow metal is surging past its previous inflation-adjusted peak of $2,553 an ounce in 1980.
The economy was supported by gains in consumer and state spending and in investment in fixed assets, while exports fell.
Slight drops noticed in gold, silver after U.S. producer price index showed no increase in October
"A prolonged war on multiple fronts could weaken economic activity further and heat inflation, raising the risk of stagflation," Barclays economist said.
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