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AFor 2 13 October
Financial institution of America expects gold to rise to $5,000 subsequent yr
Financial institution of America raised its forecasts for the costs of valuable metals, anticipating the worth of gold to achieve $5,000 per ounce in 2026, with expectations that the common worth of the yellow steel will rise to $4,400 subsequent yr..
OPEC confirms its forecasts for the expansion of world oil demand for the years 2025 and 2026
OPEC stored its forecasts for the expansion of world oil demand throughout the years 2025 and 2026 with out modification, with the continued restoration of consumption in rising economies versus restricted development in developed nations.
The president of the Philadelphia Fed helps two extra charge cuts in 2025
– The President of the Federal Reserve Financial institution of Philadelphia, Anna Paulson, stated that she is inclined to make two extra rate of interest cuts throughout 2025, stressing that financial coverage ought to ignore the influence of tariffs on rising costs of client items.
– US Treasury Secretary Scott Besent stated that the partial shutdown of the federal authorities has begun to solid a shadow on the financial system, because the closure enters its thirteenth day.
Tuesday October 14
The Vitality Company raises its forecast for the expansion of world oil provide
The Worldwide Vitality Company raised its expectations for the expansion of world oil provide for this yr, after the OPEC+ group’s choice to extend manufacturing, but it surely lowered its imaginative and prescient for demand development, citing worsening financial challenges.
The Worldwide Financial Fund raises its international development forecasts in 2025
The Worldwide Financial Fund raised its forecasts for international financial development throughout the present yr, whereas retaining its estimates for 2026 unchanged, noting that regardless of the “fluctuation of the principles,” uncertainty is receding and insurance policies have gotten clearer over time.
Federal Reserve Chairman Jerome Powell indicated that the US central financial institution is near ending its quantitative tightening program, which goals to scale back its holdings of bonds, however he didn’t touch upon the long run path of rates of interest.
IMF: The synthetic intelligence bubble could burst with out threatening the monetary system
The chief economist on the Worldwide Financial Fund, Pierre-Olivier Gorinchas, stated that the present funding growth in synthetic intelligence in the USA could also be adopted by a bubble just like the Web bubble in the beginning of the millennium, however it’s going to almost definitely not flip right into a widespread monetary disaster.
Wednesday 15 October
Pisant: The federal government shutdown is costing the American financial system $15 billion a day
US Treasury Secretary Scott Besent stated that the one impediment dealing with the financial development of the USA and the administration of President Donald Trump is the continuing authorities shutdown.
IMF: Public debt will attain 100% of the worldwide financial system by 2029
The Worldwide Financial Fund anticipated that international public debt would exceed 100% of GDP by 2029, recording its highest degree since 1948, calling on nations to strengthen their monetary reserves to confront financial dangers.
Federal Reserve: The US financial system is secure, however inflationary pressures are rising
The Federal Reserve stated in a report issued on Wednesday that financial exercise in the USA has modified barely over the previous weeks, with client spending declining barely and the tempo of employment slowing.
ALakhmis 16 October
Miran favors a 50 foundation level charge minimize on the Fed’s assembly this month
Stephen Meiran, a member of the Federal Reserve Board of Governors, defined that he prefers to chop rates of interest by 50 foundation factors on the central financial institution’s assembly this month, and confirmed his view that commerce tensions improve uncertainty within the financial system and enhance the dangers of declining development.
S&P: US tariffs will value the world $1.2 trillion this yr
S&P World estimated that the tariffs imposed by US President Donald Trump will value international firms greater than $1.2 trillion in 2025, noting that buyers will bear most of this value.
ANZ expects gold costs to rise to $4,400 by the tip of 2025
– ANZ Financial institution expects gold costs to rise to the extent of $4,400 per ounce by the tip of this yr, pushed by escalating financial and monetary dangers, along with expectations of an rate of interest minimize by the Federal Reserve.
Friday the seventeenth October
After a fruitful telephone name, Trump intends to satisfy Putin in Hungary for talks on Ukraine
– US President Donald Trump introduced that he’ll meet his Russian counterpart, Vladimir Putin, in Budapest, Hungary, to debate the warfare in Ukraine, after a prolonged telephone name between the 2 sides that lasted greater than two hours, which Trump described as very productive.
Trump: Extra tariffs on China won’t proceed
US President Donald Trump stated on Friday that the extra 100% tariffs on Chinese language items won’t proceed.
Baker Hughes: Stability of oil drilling rigs in the USA
The variety of oil exploration rigs in the USA stabilized throughout the week ending October 17, in keeping with information printed by Baker Hughes, after declining over the earlier two weeks.
