The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress … [Read more...] about Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test
(Kitco News) Gold's volatility has been relatively low compared to other assets as the precious metal retains its "mild bull market" status and trades comfortably between $1,800-$1,900 an ounce. But … [Read more...] about What’s gold price outlook as markets shift from inflation to recession fears?
Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its interest-rate increases slow the … [Read more...] about Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
WASHINGTON/LONDON/TOKYO, June 23 (Reuters) - Manufacturing growth is slowing worldwide as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains and keep inflation at the … [Read more...] about U.S. recession fears darken outlook for global growth