Gold Silver Reports – Trump Favours Powell for Fed Announcement This Week – President Donald Trump stoked the sense of drama surrounding his choice for the next Fed chairman as he tweeted out a video teasing an announcement he said would come this week.
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.
India’s Banks Need More Than a Bailout
Gold Silver Reports – India has long been faced with a slow-motion bank crisis. In particular, the state-controlled institutions that dominate the sector have a bad-loan ratio that’s almost twice as bad as their private counterparts. At last count, non-performing assets made up more than 10 percent of banks’ advances, and were growing ever faster.
Full Text of RBI’s Monetary Policy Minutes
Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.
The Fed Evans Say Fundamental are Strong
Gold Silver Reports – The Fed Evans Say Fundamental are Strong – Chicago Fed dove Evans said U.S. fundamentals are really very strong and he suspects the wage story is improving, though he wonders whether a little more accommodation is needed to get to the 2% inflation target by 2019.
Hedge Funds Battle With Goldman Sachs in Going Long on Aussie
Gold Silver Reports – Hedge Funds Battle With Goldman Sachs in Going Long on Aussie – Goldman Sachs Asset Management is clashing with speculators in a wager on a weaker Australian dollar, just as those hedge funds top up bets on the currency appreciating.
Bond Party Set to Cool in India Amid Inflation, Fiscal Risks
Gold Silver Reports – Bond Party Set to Cool in India Amid Inflation, Fiscal Risks – The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities.
RBI Monetary Policy Today: Four Things to Watch out For
Gold Silver Reports – RBI Monetary Policy Today: Four Things to Watch out For – The Reserve Bank of India’s (RBI) monetary policy committee (MPC) is scheduled to announce its policy decision at 2:30pm on Wednesday. Given the rising risk of inflation overshooting the central bank’s target, the market is expecting status quo on policy rates.