Category: Blog

Bank of England to mull access for likes of Facebook’s Libra

The Bank of England is open to letting new payment services such as Facebook’s upcoming Libra hold funds overnight with the central bank, something historically limited to commercial banks. Being part of the plumbing of the financial system could be a benefit to upstarts like Libra.
— Read on ca.finance.yahoo.com/news/bank-england-mull-access-likes-173151364.html

Gold Achieves Liftoff as Prices Rocket Toward $1,400 an Ounce

(Bloomberg) — Until this month, gold held claim to the title of being one of the most boring asset classes. Prices barely budged and popularity was fading.Now that’s all changed. Over the past few weeks, a clear bull case has started to emerge. A key resistance level has broken. Investors are pouring
— Read on ca.finance.yahoo.com/news/gold-jumps-more-5-high-012039159.html

Inflation drop may be at core of case for Fed rate cuts – Reuters

June 2018 was a blue-sky month for the Federal Reserve, with strong economic growth, low unemployment, and inflation expected to top the U.S. central bank’s 2% target for the year – smooth sailing for an interest rate hike then and two more over the following six months.
— Read on www.reuters.com/article/us-usa-fed-inflation/inflation-drop-may-be-at-core-of-case-for-fed-rate-cuts-idUSKCN1TL2PY

Federal Reserve Holds: Rates Unchanged, but Signals Ready to Cut – Bloomberg

The Federal Reserve signaled it was ready to lower interest rates for the first time since 2008, citing “uncertainties” that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion.
— Read on www.bloomberg.com/news/articles/2019-06-19/fed-scraps-patient-rate-approach-in-prelude-to-potential-cut