With the federal deficit near 6% of GDP and the national debt surpassing $40 trillion, America’s fiscal position looks increasingly precarious. By trying to strong-arm the bond market rather than address the underlying problem, Treasury Secretary Scott Bessent may have squandered his hard-earned credibility.
Gold is attempting to recover after Tuesday’s selloff, with price trading near 4,136 at the time of this analysis. The key message for gold traders today is that 4,121-4,129 is not a clean bearish breakdown zone. It is a support and decision area. Bulls still need a sustained move above 4,156-4,157 to improve the outlook,…
Gold (XAU/USD) builds on its steady intraday recovery from a nearly two-week low, touched during the Asian session on Tuesday, and climbs to the $4,023-$4,024 region in the last hour. The US Dollar (USD) pauses following a strong two-day rally as bulls turn cautious ahead of the latest US consumer inflation figures and Federal Reserve…
U.S. life expectancy stagnated and declined in the 2010s despite continued growth in real per capita income. We use Preston curves to characterize this pattern as a change in the relationship between income and longevity. Using state-level data from 1980 to 2019 and county-level data from 2000 to 2019, we estimate population-weighted Preston curves relating…
US August prelim UMich consumer sentiment 51.0 vs 54.5 expected !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
The Euro (EUR) remains practically flat against the US Dollar (USD) on Tuesday, trading above 1.1650, at a relatively short distance from the three-month highs, at 1.1710 hit last week. The EUR/USD pair keeps drawing support from a soft US Dollar, which remains depressed, amid concerns about the Federal Reserve’s (Fed) independence in the aftermath…
Home prices are growing much slower than they did during the pandemic-era buying frenzy.
