Month: December 2023
The Economics of Christmas – A Statistical Look at Holiday Spending
The economics of Christmas are a big deal for the global economy – and we’re not just talking about buying Christmas gifts for economists. Indeed, the Christmas shopping phenomenon carves out a very…
The Fed’s higher-for-longer strategy on interest rates is slowly crumbling
Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome Powell and other officials saying they’re not considering rate cuts…
Gold prices sprint to all-time peak on Fed rate-cut bets
Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.…