News
Spot Silver Drops By 3% To Reach $67.09 Per Ounce
Spot Gold Prices Drop Close To 3%, Now At $4,464.15 Per Ounce
Spot Gold Prices Drop Nearly 2% to $4,508.99/Oz.
Traders now see a September Fed rate hike more likely than a continued hold.
Traders price in about a 50% chance of a Fed rate hike in September.
US short-term interest-rate futures fall as traders add to bets on Fed rate hike after Fed Chair Warsh speech
Traders now see about a 50-50 chance of a Fed rate hike in September, based on pricing in rates futures.
Warsh: Important To Gauge Effects Of High Growth Expectations For Cap-Ex, Corporate Earnings || Inflation Expectations Tend To Look Durable Until They Don"T; Must Be Closely Minded || Fed"S 2% Pce Target Is Firm And Fixed; It Is Fed’S Job To Deliver Stable Prices
Warsh: Inflation Expectations By And Large Look Stable In Medium Term || Market Prices Show Confidence That We Will Deliver Price Stability || Business Investment Rising Rapidly
Warsh: At July Meeting "Good Majority" Felt Wiser Course Was To Wait || Impressed By The Overall Performance Of Economy, Appears To Have Strengthened || Credit And Loan Markets Showing Few Signs Of Policy Restraint || Wage Growth Moderate, But Not A Reliable Indicator Of Future Inflation
Warsh: Numbers "More Concerning" On Price Stability || This Summer"S Inflation Data Better Than Expected, But Do Not Tell Me Underlying Trends Have Meaningfully Changed || Fed"S Predominant Focus Right Now Should Be On Prices
Fed"S Warsh: Must Be Confident Underlying Inflation Is Moving To Objective, Or "We Have Work To Do" || "Hard-Pressed" To Describe Financial Conditions As Restrictive || Consumer Spending Healthy, Labor Markets Stable
Nepal Floods Leave 1,924 Individuals Unaccounted For, Reports Disaster Authority
NASDAQ DOWN 15.10 POINTS, OR 0.06 PERCENT, AT 26,526.25 AFTER MARKET OPEN
S&P 500 UP 6.30 POINTS, OR 0.08 PERCENT, AT 7,737.29 AFTER MARKET OPEN
DOW JONES UP 153.39 POINTS, OR 0.29 PERCENT, AT 53,722.83 AFTER MARKET OPEN