How real-time data misled policymakers during the post-COVID recovery
Preliminary data releases can diverge significantly from subsequently revised figures, complicating economic policy decisions made in real time. This column shows how real-time GDP releases
Gold uptrend intact, but due for correction before topping $4,000 in 2026
Spot gold was trading around $3,680 per ounce on Tuesday after hitting a record $3,689.27 earlier in the session. Gold’s stellar rally to successive record
Dollar regains some ground, still heading for weekly drop
Sterling traded at $1.3545, slipping 0.2% after data showed the British economy stagnated in July. The dollar inched higher on Friday after falling the day
Gold hovers near record high ahead of US inflation data
ANZ Group raised its year-end gold price forecast on Wednesday to $3,800 per ounce and expects prices to peak near $4,000 by next June. Gold
The Federal Reserve, the new administration, and the outlook for the economy and monetary policy
The new US administration has made the Federal Reserve’s monetary policymaking more complicated both because of the elevated uncertainty regarding administration policies and because of
European stocks fall, dollar steady, traders wait for Jackson Hole
Euro zone business activity expanded in August, PMIs show. European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as
Dollar steady before US inflation report, US-China tariff deadline
The euro was up less than 0.1% at $1.1652, while sterling was flat at $1.3462. The U.S. dollar was little changed on Monday before Tuesday’s
Dollar rises versus euro and yen before US economic data
It also sees the European Central Bank as having concluded its easing cycle. The dollar edged up against the euro and the yen, but remained
Beyond words: Fed chair voice sentiments and US bank stock price crash risk
Investors and policymakers increasingly rely on verbal guidance rather than policy moves. This column examines whether the emotional sentiment of the chair of the Federal
The rise and retreat of US inflation: An update
During the pandemic, annual CPI inflation in the US rose sharply to a peak of 9% in June 2022. This column argues that the rise
