Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
Follow Conor at @iWriteCrypto on Twitter.
Price of Gold Rises With One-Year High in Monthly Jobless Claims
Gold prices have bounced after a report showing unexpectedly-high jobless claims coincided with a lower-than-expected PPI for January and the lowest retail sales in nine years. Initial jobless claims rose by 4,000 to 239,000 last week, defying expectations that the numbers would shrink after the partial government shutdown ended.
Gold Price Rises as January PPI Misses Expectations
January PPI shrank -0.01%, missing expectations of a 0.01% monthly increase as producer prices fell due to reduced demand for goods according to the US Bureau of Labor Statistics.
Spot Gold Price Gains With No Change in US Consumer Prices
US consumer prices saw no change according to today’s Consumer Price Index (CPI) report which points to very tame inflation and may impact Federal Reserve policy regarding interest rates.
Kansas City Fed President Supported Rate Hike Pause to Measure Impact
On Tuesday Kansas City Federal Reserve President Esther George addressed the question of why she supported a pause in the increase of interest rates, stating that she did so to allow the Fed to gauge the impact of previous rate hikes on the economy.
Federal Reserve Balance Sheet Runoff May Be Phased out Says Cleveland Fed’s Loretta Mester
Federal Reserve President Loretta Mester commented on Tuesday, taking part in a panel discussion aimed at shedding light on current economic conditions in the US. Mester stated that the Fed aimed to end balance sheet runoff in the near future, indicating that new monetary policies are in the works.
St Louis Fed President Says US Likely to Miss Inflation Target
The US economy may be drifting off course when it comes to inflation after a rate hike implemented in December created an overly-restrictive environment, according to St Louis Federal Reserve Bank President James Bullard who spoke to reporters at St. Cloud State University in Minnesota on Thursday evening.
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