Gold Silver Reports (GSR) – Global economists and executives from Apple Inc.’s Tim Cook to BlackRock Inc.’s Larry Fink gathered in Beijing this weekend against the backdrop a brewing trade war, after U.S. President Donald Trump slapped tariffs on Chinese goods affecting more than $50 billion worth of products.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
China Hits Back at Trump Tariffs as Trade War Finally Arrives
Gold Silver Reports (GSR) – China announced plans for reciprocal tariffs on $3 billion of imports from the U.S., including products from steel to pork, after President Donald Trump’s move to order levies on a range of Chinese goods sent markets plunging.
Prepare For A ‘Political Storm’ Ahead Of 2019 Polls, Nomura Says
GOLD SILVER REPORTS (GSR) — The Indian market is yet to price in what could be a ‘political storm’ in the run-up to the general elections next year as the opposition seeks to regain lost ground.
China’s Central Bank Raises Borrowing Costs After Fed Rate Hike
Gold Silver Reports – China’s Central Bank Raises Borrowing Costs After Fed Rate Hike — China’s central bank increased the cost of short-term loans to commercial lenders, tightening policy in step with the U.S. Federal Reserve.
Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
Gold Silver Reports (GSR) – Fed Lifts Rates, Steepens Path Through 2020 for More Hikes – Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.
Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens
Gold Silver Reports (GSR) – Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens — Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.
Federal Reserve Raises Interest Rates at First Meeting with Powell at Helm
Gold Silver Reports (GSR) – The Federal Reserve raised interest rates by a quarter point on Wednesday, its first rate hike this year, in a decision that was widely anticipated by markets.