The Fed to intervene in a collapse scenario, what it means for the stock market & recession calls – Alex Krüger
Those calling for a recession and a market collapse are wrong because the Federal Reserve wants to intervene before that happens, according to Alex Krüger, Economist and Partner at Asgard Markets.
Gold prices push to session highs as U.S. Core PCE rises 0.4% in January
(Kitco News) - The gold market has pushed to session highs and is within striking distance of $2,050 an ounce as the Federal Reserve’s preferred inflation gauge shows consumer prices rising in line with expectations.Thursday, The U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.4% last month, compared to December’s increase of 0.1%.
SQM profit down 82% as lithium prices slide
Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.The miner, which also produces fertilizers and industrial chemicals, reported a quarterly net profit of $205.9 million, below the $317 million expected by analysts polled by LSEG, after a gradual slide in earnings over 2023.Revenue for the period fell 58% to $1.31 billion, also lagging LSEG’s $1.35 billion forecast.