93.8 percent. That is how likely the market thinks another Fed interest rate hike in June is, after the bank left rates unchanged last week. Because of these expectations, precious metals were hammered down. What could we conclude from this? And is this decline of the past few days a sign of more bad news for precious metals prices?
... »Precious Metals Under Pressure: So What!?
May 8 2017
Edin Mujagić
Where There Is No Will, There Is No Way, and There Is No Will in Frankfurt
May 3 2017
“Incoming data since our meeting in early March confirm that the cyclical recovery of the euro area economy is becoming increasingly solid and that downside risks have further diminished.”
... »Edin Mujagić
President Trump Changes His Tone on Yellen and the Fed
April 26 2017
When on November 9, deep after midnight, it became known that Donald Trump would become the next president of the United States, many expected that it would mean a complete overhaul of the Fed, with a radical shift in the bank’s monetary policy as one of the consequences.
After all, during the
... »Edin Mujagić
Less Oil on US Inflation Fire
April 19 2017
“But what about inflation? Inflation is quite high: should the Fed not keep its eye on the inflation rate and continue its rate hike trajectory? At a first glance, they should. But it would not surprise me if, in the coming months, the need for further rate hikes due to higher inflation is about to ease.” This was the conclusion to my article of last week. This week, I present you with the promised sequel.
... »Edin Mujagić
