Gundlach’s gold call is also partly based on his belief that inflation will stay stubbornly elevated because of the impact from tariffs.
Category: Finance News
Fed approves quarter-point interest rate cut and sees two more coming this year
The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
The Fed’s dot plot, which shows 19 individual members’ expectations, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026.
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July.
Sales of heavy trucks are falling like the U.S. is headed for a recession
Heavy trucks sales have dropped to levels not seen in four years, according to the U.S. Bureau of Economic Analysis.
Stocks making the biggest moves midday: Lyft, Walmart, Nvidia, Baidu & more
These are the stocks posting the largest moves midday.
Stocks making the biggest moves premarket: Nvidia, Alibaba, Workday, Netflix and more
These are the stocks posting the largest moves in premarket trading.
Sticky UK inflation unlikely to move the needle for Bank of England
The Bank of England is watching inflation data closely after forecasting the consumer price index could peak at 4% in September.
China keeps tight grip on rare earths, costing at least one company ‘millions of euros’
The European Chamber of Commerce in China said that after a pickup in rare-earth export license approvals this summer, members have found it harder to get access.