Page 48 - John Authers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The global recovery needs to call its agent. An economic rebound as brawny as the one projected this year ought to be a cause for celebration. It’s a relief that gross domestic product will enjoy its biggest spurt in years — perhaps even decades — following the biggest drop since the 1930s. Instead, the almost daily upgrades to growth forecasts are met with handwringing about how everyone is too dependent on the US and China — and the prospects for a significant jump in inflation. Naysayers sometimes sound like they’d prefer a subdued expansion. The revival is likely to be very impr...

Thursday, 4/01/2021 14:14 GOLD PRICES extended yesterday's steep rebound in London trade Thursday, heading into the long Easter weekend above $1720 per ounce after US President Joe Biden unveiled a plan for $2 trillion of infrastructure spending on top of the $1.9 trillion in Covid relief and stimulus already underway.   Ahead of Biden's speech in Pittsburgh on Wednesday – in which he laid out a plan likened by some media outlets to F.D.Roosevelt's Great Depression stimulus of the 1930s – gold prices bottomed at $1678, the same 9-month l...

It’s going to be a big week for investors and traders alike. Let’s begin with some of the central bank activity to keep an eye on. First up, we have the Fed. The FOMC is expected to leave rates unchanged Wednesday as they remain in a “wait and see” mode, but comments from... Read More...

3/7/2021 3:32:32 PM GMT The ECB meeting is the most important calendar event in the week ahead.  It is true that the US reports February CPI figures, but the base effect surge begins with the March reading.  Still, headline inflation will likely be lifted by rising food and energy prices.  The core rate has been flat for the past two months, and a small rise should not be surprising.   Last March, headline CPI fell by 0.3%.  In April, it tumbled 0.7% and another 0.1% in May.  These will drop out of the year-over-year rate and most likely be replaced with positive numbers, probably arou...

Darthbobber I’m reasonably sure, given their history, that there are at least a half dozen democratic Senators who would bloc with Manchin if push came to shove. Since he suffices as a public stumbling block and is willing to be vocal, they presently are happy to hide in his shadow. Jen Shaheen has a propensity to make a few progressive noises when she feels the winds shifting. She made a great show of palling around with Warren and Sherrod Brown in 2014. Co-sponsored Bernie’s Medicare for all bill in 2017. I’m not sure how she would bloc on this one if she’s called out into the open...