Christopher Waller of all people came out recently and he said he's not sure they're going to cut two more times this year although the next one seems pretty assured. Do you think the market has gotten too complacent pricing in two more cuts. >> I do.When I saw that quote it was music to my ears because that's kind of been our view for a while and I think talking about Waller is really important because he's been one of the more doubbish committee members out there and he said beyond October it's a really u ...

Annual UK inflation came in at 3.8% for September. That's nearly twice the Bank of England's target, but it was significantly better than the 4% expected. That means there's now an outside chance of the Bank cutting again this year. https://t.co/UhAJMN66KV ...

Core Viewpoint - Gold prices have experienced a significant decline after a prolonged rally, with a notable selloff attributed to profit-taking by investors rather than macroeconomic or geopolitical factors [2][3]. Price Movement - Gold futures fell by $61.30, or 1.49%, to $4,053.10 per ounce, marking a two-day selloff after reaching an intraday record of $4,398 per ounce [1][2]. - The precious metal lost 5.74% on Tuesday, closing at $4,109.10, representing its worst performance since 2013 [2]. Market Analysis - Analysts from UBS indicated that the recent decline in gold prices is largely technical, driven by slowing price momentum and rising option volatility, leading speculative investors to take profits [3]. - Despite the recent pullback, gold prices remain up over 50% year-to-date and nearly 5% for the month, with underlying fundamentals such as inflation and political instability expected to persist [3][4]. Future Outlook - UBS analysts believe it is premature to adopt a negative outlook on gold, suggesting that the factors driving its price increases are likely to continue [4].

Turkey is reconsidering whether to end an accounting rule that requires companies to adjust their books for high inflation, according to people familiar with the discussions https://t.co/IMWgi68F58 ...

So, we're talking about the markets close to records. The Dow actually hit an all-time high yesterday. Our Jim Kramer was one of the people saying it's a great sign if you're worried about the AI bubble because the companies that push it out to a record, 3M and Coca-Cola, they're not part of that AI trade.Do you agree with that sense that this is signs of a healthy market. >> Absolutely. And one of the things we look at is breath.And this is what we want to see is broader participation. You know, that rotat ...

Last week, the IMF predicted the UK will see the G-7’s fastest inflation — so today’s data showing a lower-than-expected peak may prompt relief in London https://t.co/cW38wA9u4d ...

It's kind of very nice to have you with us. Let's start by talking about some of the data we've had out of the U.K. today. We've had the inflation print, which has not come in as hot as had been feared.And traders are adding to Bank of England, easing bets as a result. Is the sense here that if inflation isn't quite as much of a problem as we thought it was, there are fewer barriers to easing for the baby. Yeah, I mean, I think that's absolutely it because you have a weakening labour market growth isn't as ...

Core Viewpoint - The article discusses the potential influence of former President Trump on the Federal Reserve's policies, particularly regarding interest rates, and highlights Christopher Waller's position as a key figure in this dynamic as he is considered a candidate to replace Jerome Powell as Fed chair [1][2][12]. Group 1: Waller's Position and Influence - Waller is seen as a proponent of central bank independence and has a reputation for making data-driven decisions, which he is not willing to compromise for political gain [3][12]. - Despite pressure from Trump and his allies for aggressive rate cuts, Waller has maintained a cautious approach, advocating for a quarter-point reduction rather than a more drastic half-point cut [5][6]. - Waller has expressed concerns about the Fed's role in political issues and has pushed for cost-cutting measures within the Fed, including a reduction of about 350 staffers in 2023 [18][20]. Group 2: Political Pressure and Fed Independence - Trump's administration is actively seeking to exert more control over the Fed, which could undermine its independence and have negative implications for the US economy and global markets [2][15]. - The potential for a board with a majority of Trump appointees raises concerns about the pressure to remove regional bank presidents, which could further compromise the Fed's autonomy [16][17]. - Waller's commitment to defending the Fed's independence is evident in his public statements emphasizing the importance of keeping politics out of monetary policy decisions [14][20]. Group 3: Economic Outlook and Policy Recommendations - Waller has been vocal about the need for lower interest rates, citing risks in the labor market and the impact of tariffs on inflation, which he believes should not be a persistent concern [9][10]. - His approach to monetary policy reflects a balance between advocating for necessary changes while maintaining the Fed's core mission and credibility as an inflation fighter [8][14]. - Analysts expect Waller to remain true to his economic analysis and not yield to political pressures for rate cuts that lack a clear economic justification [12][13].

Swiss inflation is likely to rise slightly in the coming quarters, Swiss National Bank Chairman Martin Schlegel said on Wednesday, with economic indicators pointing to stable situation with moderate growth. ...

LONDON (AP) — Inflation in the U.K. unexpectedly held steady in the year to September as higher prices at the pump were offset by lower food costs, official figures showed Wednesday in a development that has bolstered hopes of another interest rate reduction next month. The Office for National Statistics said consumer prices rose by 3.8% on an annual basis, unchanged from the levels seen in the previous two months. Most economists had expected the rate to rise to 4%, which would have been double the Bank ...