Hungarian central bank governor Mihaly Varga said currency stability is key for slowing inflation and laying the groundwork for more robust economic growth https://t.co/yvj0ex4Tmv ...

Federal Reserve & Monetary Policy - Discusses the Federal Reserve and what is going on with Lisa Cook [1] - Explores how to prepare for a federal reserve regime change [1] Housing Market - Analyzes the current state of the housing market and potential solutions [1] Inflation - Examines real inflation expectations [1] Market Outlook - Considers how the market could perform for the remainder of the year [1]

All right, let's bring in someone else in the mix. Jeffrey's chief market strategist David Zervos with his outlook. It's not surprising that Fed Governor Waller, who voted to cut last last meeting, wants to cut this meeting.I would imagine you agree. Are we you think we should see cuts. >> Sure.Absolutely. Uh been pretty clear about that and and our notes to clients as well as discussions with uh you and others on the network. I think uh there's a very cogent case for much lower interest rates.>> Much lower ...

Monetary Policy Outlook - Fed Governor Waller advocated for rate cuts, suggesting the Fed might need to go further to reach neutral [2] - Waller's call for cuts is based on the idea that tariffs are temporary and don't create wider inflation [3] - St Louis Fed President expressed concerns about downside risks to the labor market, indicating flexibility [4] - Atlanta Fed President Bostic maintains a baseline of one rate cut this year but could move to September if the job market slows faster [5] - The market shows a 95% probability of a September rate cut and around a 51% probability of an October cut [6] - The market anticipates the Fed moving towards neutral, with the December 26 Fed funds contract around 3% [8] Market Expectations - The market views a September rate cut as highly likely [7] - The focus is shifting to whether there will be additional rate cuts in the remaining meetings this year [7] - The market expects the Fed to move towards a neutral stance by the end of next year [9] Fed Governance - Fed officials declined to comment on the situation surrounding Fed Governor Lisa Cook [6] - Arguments are being made that potential issues with Lisa Cook's disclosures were known when she submitted her documents [12] - The administration seeks summary judgment on Lisa Cook's case, while her attorney requests a review of relevant documents and interviews [13][14]

Bank of England Deputy Governor Clare Lombardelli says interest rates may need to settle only slightly below their current level of 4% to keep inflation under control https://t.co/vyZIGyBOLI ...

Monetary Policy Outlook - The speaker advocates for initiating rate cuts at the next meeting due to a softening labor market [1][4] - The speaker initially faced skepticism regarding the labor market's performance, but subsequent data validated concerns [2][3][4] - The speaker suggests the possibility of multiple rate cuts over the next 3 to 6 months, contingent on incoming data [5] - The speaker emphasizes that rate cuts do not need to follow a predetermined sequence [4] Labor Market Analysis - The speaker notes that the labor market's deterioration tends to be rapid and nonlinear [4] - Discrepancies existed between anecdotal evidence (no hiring, layoffs) and initial BLS (Bureau of Labor Statistics) data [2][3] - The speaker believed that initial BLS numbers were inaccurate, which was later confirmed [3][4] Inflation Concerns - The speaker is not personally concerned about tariff inflation, but acknowledges that it remains a widespread concern [5]

ECB Governing Council member Francois Villeroy de Galhau said inflation is well under control and economic growth is in line with forecasts https://t.co/mrXk5BYvPK ...

Precious Metals Market Trends - Precious metals, especially silver outperforming gold, signal concerns about currency debasement and inflation [1] - Central bank activity and reserve managers' precious metal acquisitions are also factors [2] - The gold trend is seen as more structural, influenced by reserve accumulation [9] Bond Market Analysis - The long end of the bond market reflects concerns, particularly in the UK, Germany and France [7] - Bonds are identified as a trigger to watch in relation to the gold and stocks relationship [8] - A nasty sell-off in bonds would negatively impact stocks [11] Economic and Fiscal Policy - Current economic conditions are perceived as okay, with expectations of further Fed cuts [5] - Fiscal stimulus from the US and Germany is supporting stocks [6] - The market is pricing in perfection, but inflation risk remains a concern [5] Investment Strategy - A hypothetical Martian investor would initially buy gold and sell duration [3] - The current macro environment is at an important crossing [4] - The long-term outlook suggests a financial repression game, favoring gold [9]

The European Central Bank should maintain borrowing costs at current levels with inflation risks tilted to the upside, Executive Board member Isabel Schnabel says https://t.co/xZ1l0xoCcw ...

Market Trends & Drivers - Gold's surge over the last 18 months is attributed to a "perfect storm" of supportive conditions [1] - Institutional demand, inflation concerns, geopolitical risks, and favorable interest rate environments have aligned simultaneously, driving gold prices [1] Asset Role Shift - Gold's role has fundamentally shifted from primarily a dollar hedge to a critical reserve asset for uncertain times [1] Price Performance - This combination of factors has pushed gold to historic highs [1]