Carpenter
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Gold price turns sideways as Fed Powell hawkish guidance limits upside
Gold price struggles for a direction as the Fed’s “higher for longer” interest-rates stance offsets safe-haven demand. Fed Powell supports keeping interest rates at high levels until there is confidence that inflation will ease to 2%. The US warns about sanctions on Iran in response to their attack
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Wall Street Might Open Positive, Despite Geopolitical Tensions
Inflation concerns and geopolitical tensions might continue to weigh on Monday. Iran's drone attack against Israel and the Middle East tensions are closely monitored by investors. In the Asian trading session, oil prices fell slightly, as there is a fear that Brent might surpass $100 a barrel. Early
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Japan Industrial Output Shrinks 0.6%, More Than Estimated
Japan's industrial production contracted more than initially estimated in February, final data from the Ministry of Economy, Trade, and Industry showed on Friday. Industrial production fell 0.6 percent on a monthly basis, though much slower than the 6.7 percent decline in January. In the initial est
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U.S. Producer Prices Rise In Line With Estimates In March
Following yesterday's hotter-than-expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices increased in line with economist estimates in the month of March. The Labor Department said its producer price index for final demand crept up by
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Inflation averages and market correlations
Inflation Vs Fed Funds: Correlations 1 to 3 year monthly averages = -86%, -96%, -63%. Next is the money supply. Interest rate rose so naturally the money supply drops. M1 = October 22 = 20,059.5, Today = 17,911.8 Vs M2 = October 22 = 21,421.1. Today = 20,787.6. Monetary Base October 22 to 2024 = 534
Pull-up Update