Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, says the Bank of Japan is in an "opportune place" to take its policy rate higher, barring any external shocks.
Hui Shan, chief China economist at Goldman Sachs, discusses the economic outlook in China. She says a large stimulus is needed for the government to "even have a chance" of improving inflation and consumer confidence.
Jack Hanney of Patriot Gold Group joins Roxxane Strouk on Good Morning Washington do discuss protecting your retirement from inflation with gold.
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.
The cost of living rose more in December than the month before, as rising energy costs hurt household budgets and stoked inflation. However, "core" prices were cooler, providing some hope for lower inflation in the coming months.
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Hammack didn’t disappoint. The former Goldman Sachs treasurer opposed the Fed’s decision to lower interest rates at its most recent meeting—and just her third at the central bank.
Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring. First, bank stocks kicked off fourth-quarter 2024's earnings season on Wednesday,
Goldman Sachs forecasts the Bank of England will slash interest rates six times by mid-2026, citing weakened growth and easing inflation, with fresh rate cuts potentially arriving as early as February.