The end of May
The British Prime Minister Theresa May announced on Friday 24 May she will resign from her function on June 7. The final blow to her premiership was her speech a few days earlier; a speech in which she announced her proposal for revamping the EU-UK deal and bringing it forward for a vote in Parliament as part of the Withdrawal Agreement Bill (WAB) at the beginning of June.
The report cites two separate sources in saying that the breakdown in US-China trade talks arose as China’s Liu He met up with US’ Lighthizer and Mnuchin only for the US side to make additional demands in the late stages of the negotiations.
Gold Silver Reports (GSR) – Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.
Gold Silver Reports (GSR) – U.S. Tariffs Planned For $300 Billion More – Late Monday, the U.S. Trade Representative’s Office released plans to impose 25% tariffs on the $300 billion worth of Chinese goods that have not been taxed so far. President Donald Trump has been threatening such a move even as he raised tariffs on $200 billion worth of goods to 25% from 10%.
The government was warned last year that its rushed procurement of no-deal Brexit ferry services would not withstand a legal challenge, the National Audit Office has revealed.
Gold Silver Reports (GSR) – Gold Up Nonfarm payroll unexpected 263k positions. March payrolls were revised slightly downward to 189k compared to 196k originally reported.
The Federal Open Market Committee, or FOMC, just wrapped up its two-day meeting. As expected, the federal funds rate remained the same, but that doesn’t mean that nothing significant happened. In fact, some potentially dovish language has been added to the committee’s statement, which may reduce the probability of further interest rate hikes.