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Precious metal prices surge as recession fears mount – What’s next? [Video]

Precious metal prices surge as recession fears mount – What’s next? [Video]

The most highly antipated FOMC Meeting of 2022 took place on Wednesday with the Fed announcing a “super-sized” rate hike. Declaring that it’s essential to tame inflation, the Federal Reserve raised interest rates by 75 basis points – the biggest increase since 1994 with Fed Chairman Jerome Powell signalled another jumbo sized hike next month. … Read more

Investors brace for rate hike impact, oil & pre FOMC profit-taking

Investors brace for rate hike impact, oil & pre FOMC profit-taking

Markets  Global trends in inflation and growth are increasingly a concern, and worryingly, a recessionary base case is where many investors appear to be heading. Top of mind factors the market is still digesting continue to be China’s commitment to zero-covid exacerbating supply chain issues and expectations turning more hawkish for Wednesday’s June FOMC meeting, … Read more

Markets, oil, gold and forex

Markets, oil, gold and forex

Markets US CPI for May was a nightmare for risk markets as the headline came in well above the consensus. Inflation is back on the highs; critically, it is across the board. Just education services were negative at -0.1%. The Fed’s policy is influencing financial conditions- the housing market is slowing in terms of mortgages … Read more