HAWAII SIX O - GARY WAGNER
Inflation as seen through the PCE price index remains at elevated levels
Gary Wagner - Jun 30, 2022 06:37PM(Kitco commentary) - Inflation as seen through the PCE price index remains at elevated levels
Chairman Powell confirms that recession or not, we will raise rates to lower inflation
Gary Wagner - Jun 30, 2022 12:18AM(Kitco commentary) - Chairman Powell confirms that recession or not, we will raise rates to lower inflation
Market participant wait for two key reports this week; GDP and PCE
Gary Wagner - Jun 27, 2022 08:56PM(Kitco commentary) - Market participant wait for two key reports this week; GDP and PCE
Gold continues to drift lower as focus remains on rate hikes and recession
Gary Wagner - Jun 24, 2022 06:45PM(Kitco commentary) - Chairman Powell's testimony before Congress this week painted a dire economic outlook which will include the continued contraction of the national GDP coupled with continued interest rate hikes.
We are not trying to provoke a recession but it is certainly a possibility
Gary Wagner - Jun 23, 2022 07:00PM(Kitco commentary) - Now in his second day of testimony Chairman Powell continues to address the exceedingly high level of inflation and the Federal Reserves effort to curtail it. Currently, core inflation is running at three times the acceptable target of 2%, and the CPI inflation index at 8.6%.
Gold holds above key support, and the tug-of-war continues
Gary Wagner - Jun 22, 2022 07:05PM(Kitco commentary) - Whether you describe the underlying cause of recent changes in financial assets as a tug-of-war, double-edged sword, or battle of opposing forces, inflation versus rising rates continues to cause market sentiment to oscillate.
Gold holds above a key support level in light of rising interest and yields
Gary Wagner - Jun 21, 2022 06:07PM(Kitco commentary) - Gold continues to trade in an extremely narrow range as the precious yellow metal reacts to two opposing forces; rising interest rates and inflation. However, the recent price declines in gold have been shallow and short-lived at best.
A tug-of-war takes gold lower, then higher, and finally lower on Friday
Gary Wagner - Jun 17, 2022 10:24PM(Kitco commentary) - >Gold traders experienced extreme price volatility beginning with a $70 drop on Monday and Tuesday, higher prices on Wednesday and Thursday, and a final price decline on Friday.
Can the Federal Reserve have an impact on inflation?
Gary Wagner - Jun 16, 2022 07:08PM(Kitco commentary) - Yesterdays conclusion of the June FOMC meeting was followed by a statement as well as a press conference by Chairman Powell.
Federal Reserve raises rates ¾%, addressing inflation at 8.6% the highest YoY spike since December 1981
Gary Wagner - Jun 15, 2022 07:10PM(Kitco commentary) - The Federal Reserve took the most aggressive action since 1994 announcing that they would raise rates by 75 basis points (3/4%) taking the fed funds rate to between 150 - 175 basis points.
Waiting on the Fed; how aggressive will tomorrows rate hike be?
Gary Wagner - Jun 14, 2022 05:47PM(Kitco commentary) - Today the Federal Reserve began the June FOMC meeting which will conclude tomorrow. Up until last weeks CPI report, it was widely anticipated that the Federal Reserve would raise its Fed funds rate by ½%.
The financial market meltdown continues after last weeks CPI shocker
Gary Wagner - Jun 13, 2022 08:35PM(Kitco commentary) - All of the financial markets are continuing to react to last weeks CPI inflation report. The CPI increased by 1% in May taking year-over-year inflation higher by 8.6% which is the largest gain since December 1981.
 |
