Illinois is considering a last-ditch attempt to save its public pension plan. They’re moving toward a risky gamble that could potentially dig their $129 billion debt hole much deeper than it already is.
As investors readied for a reversal in the stock market and a potential upswing in inflation, on Thursday, gold hit its highest mark since August 2016. See why experts believe gold could soon hit $1,400 in this week’s News to Know.
There appears to be some confusion between the Federal Reserve. On one hand, they’re raising interest rates, but on the other hand, they’re talking about “negative” interest rates over at the St. Louis Fed. What’s going on behind the curtain?
The dollar is trading at the lowest level in 3 years, and worries about Trump’s recent political behavior contribute to a cloudy future for the dollar. But political turmoil is just the beginning of the dollar’s downfall.
In a recent speech, the New York Fed President William Dudley voiced his economic concerns for the coming year and beyond. Among his concerns are the three rate hikes expected for this year that may not make much of a difference for the economy.
In response to a “tweet” made by President Trump Pakistan has decided to turn its back on the U.S. dollar in favor of the Chinese yuan. Now, China has yet another opportunity to end the U.S. dollar’s hegemony.
Something odd is happening with the dollar. Normally, Fed tightening policies should be causing a boost to the dollar index, but instead, the dollar is facing a historic plunge not seen since 2003. What’s going on here, and how could it affect gold?