Tag Archives: hard landing

Gold fell nearly $40 from daily highs and hit more than two-year lows under pressure from aggressive rate hike expectations as the US dollar and Treasury yields climbed. The precious metal closed at $1696.79 on Wednesday, and on Thursday was unable to break the $1,700 line, instead the price action …

Fed Chief Jerome Powell lately curbed his long-lived optimism that policymakers can eventually carry out a soft landing for the US economy. But as signs of a recession accumulate, the Fed’s new objective has changed into avoiding a painful crash.Powell signaled that the Fed will adopt monetary policy tightening for …