The Federal Reserve has returned to a “transitory” view of inflation, forecasting a temporary rise to 2.8% in 2025 before a return to its 2% target in subsequent years. This projection suggests that recent upward pressure on prices may be short-lived rather than the start of a sustained inflationary trend. Federal Reserve Chair Jerome Powell … Read more

Deep beneath Zurich Airport lies a 350-square-meter high-security vault that illustrates gold’s lasting appeal: an ultra-secure storage site where wealthy clients keep their precious metals. Operated by Egon von Greyerz, the vaults have substantial minimums: $400,000 for storage in Zurich or Singapore and $5 million for a site in the Swiss Alps. These requirements reflect … Read more

Ray Dalio sends a straightforward message to investors: gold remains irreplaceable. On the All-In Podcast, the founder of Bridgewater Associates warned that the global economy is edging toward what he calls a “capital war,” a contest in which currencies, capital flows and financial assets become strategic tools between nations. In that context, Dalio says one … Read more

Beginning April 1, the Federal Reserve will slow the pace at which it reduces its balance sheet. The Fed will lower the monthly cap on maturing Treasury securities that it lets roll off without replacement from $25 billion to $5 billion, while leaving the cap on mortgage-backed securities at $35 billion. Chair Jerome Powell said … Read more

On the surface, Gold ETFs and physical gold both offer exposure to the metal, but they represent very different approaches. Gold ETFs provide convenience and price exposure without the hassle of storage, insurance, or security. Yet that convenience conceals structural risks many investors don’t fully understand until a crisis arrives. In 2016, within 11 days … Read more

Morgan Stanley strategists say a “silent plurality” of investors are quietly positioned to short the U.S. dollar, even as outspoken dollar bulls dominate current market commentary. The team warns that meaningful downside pressure on the dollar could materialize from several sources: March inflation figures that might support Federal Reserve rate cuts, ongoing congressional fiscal negotiations, … Read more

April’s Producer Price Index showed wholesale prices fell 0.5%, the largest monthly decline since the early days of the COVID pandemic. Year-over-year inflation cooled to 2.4%, but much of that improvement reflected a 1.7% drop in trade margins. In other words, businesses appear to be temporarily absorbing higher tariff-related costs instead of passing them on … Read more

Apollo Global Management has warned that President Trump’s proposed tariffs could set off a chain reaction leading to a recession by the summer of 2025, and that Americans might begin to notice store shortages as early as May. Torsten Slok, Apollo’s chief economist, outlines a timeline in which April tariff announcements disrupt shipments from China. … Read more

After two years of gains exceeding 20% for the S&P 500, analysts expect a more moderate performance in 2025, forecasting an increase of roughly 7% to 14%. Strong corporate profits and steady economic growth are likely to provide support, but the market could face periods of volatility as investors react to possible Federal Reserve rate … Read more

The U.S. service sector — covering industries such as restaurants, hotels, and transportation — contracted in May for the first time in nearly a year. The Institute for Supply Management’s (ISM) services index fell to 49.9% from 51.6% in April. Readings below 50% signal contraction in the sector. Business leaders point to heightened uncertainty from … Read more