Is the Fed about to surprise everyone? Markets ‘underestimate’ next move – Milling-Stanley
George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, discusses the Federal Reserve’s next moves, as well as gold’s outlook for 2023 with David Lin, Anchor for Kitco News. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW) 0:00 – Gold’s performance 4:30 – U.S. dollar 6:50 – Gold […]
End of bull market? Labor market is heating up, brace for higher wages, inflation – Jim Awad
Nonfarm payrolls grew at 531,000 in October, more than the consensus estimate of 450,000. The unemployment rate has fallen to 4.6%, down from 4.8% the previous month. Jim Awad, senior managing director of Clearstead Advisors said that a recovering labor market is a sign of higher wages to come, which in turn will cause higher […]