Wall Street Says BUY GOLD, But...

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

JOEY CAPPELLETTI and JOSH BOAK
August 09, 2025

NEW YORK (AP) -- A top official at the Federal Reserve said Saturday that this month's stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.

Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher.

Bowman and a fellow dissenter lost out after nine other Fed officials voted to keep interest rates steady, as the Fed has been doing all year. The Fed's chair, Jerome Powell, has been adamant that he wants to wait for more data about how President Donald Trump's tariffs are affecting inflation before the Fed makes its next move.

At a speech during a bankers' conference in Colorado on Saturday, Bowman said that "the latest labor market data reinforce my view" that the Fed should cut interest rates three times this year. The Fed has only three meetings left on the schedule in 2025.

The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected. It also said that hiring in prior months was much lower than initially thought.

On inflation, meanwhile, Bowman said she is getting more confident that Trump's tariffs "will not present a persistent shock to inflation" and sees it moving closer to the Fed's 2% target. Inflation has come down substantially since hitting a peak above 9% after the pandemic, but it has been stubbornly remaining above 2%.

The Fed's job is to keep the job market strong, while keeping a lid on inflation. Its challenge is that it has one main tool to affect both those areas, and helping one by moving interest rates up or down often means hurting the other.

A fear is that Trump's tariffs could box in the Federal Reserve by sticking the economy in a worst-case scenario called "stagflation," where the economy stagnates but inflation is high. The Fed has no good tool to fix that, and it would likely have to prioritize either the job market or inflation before helping the other.

On Wall Street, expectations are that the Fed will have to cut interest rates at its next meeting in September after the U.S. jobs report came in so much below economists' expectations.

Trump has been calling angrily for lower interest rates, often personally insulting Powell while doing so. He has the opportunity to add another person to the Fed's board of governors after an appointee of former President Joe Biden stepped down recently.

Continue Reading...

Popular

Why Sapiens International Shares Are Trading Higher By Around 44%; Here Are 20 Stocks Moving Premarket

Shares of Sapiens International Corporation NV (NASDAQ:SPNS) rose sharply in pre-market trading after it announced on Wednesday that it will be acquired by global private equity firm Advent in an all-cash transaction

Jim Cramer Recommends This 'Really, Really Good' Energy Stock

Cramer also looks at Shutterstock and Getty. One of these companies "doesn't really have the growth" that he'd like to see.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Eli Lilly Reverses Early Weakness, Closes Near Day's High After Key Trading Signal

A significant trading signal flashed for Eli Lilly (LLY) at a price of $755.87, after which LLY rose up to 1.8% and closed near its intra-day high.

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

Berkshire Hathaway has reported a $3.8 billion impairment on its stake in Kraft Heinz, marking a significant setback for the billionaire investor.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

American Eagle's 'good jeans' ads with Sydney Sweeney spark a debate on race and beauty standards

NEW YORK (AP) — U.S. fashion retailer American Eagle Outfitters wanted to make a splash with its new advertising campaign starring 27-year-old actor . The ad blitz included “clever, even provocative language” and was “definitely going to push buttons,” the company’s chief marketing officer told trade media outlets.

Asian markets are mixed after Wall St tumbles following poor US jobs report

BANGKOK (AP) — Shares in Asia are mixed after Wall Street had its worst day since May following the release of data.

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Trump's Disapproval Rating Soars Amid Economic Woes, Epstein Drama

President Trump's disapproval rating has hit a new high for the year, with the Jeffrey Epstein scandal and economic issues playing significant roles.

Why AGCO Stock Is Surging After Q2 Results

AGCO reports strong Q2 results, exceeding expectations in a challenging agricultural market. Shares rose as 2025 guidance was raised.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Trump opens the door for private equity and crypto as 401(k) retirement plan options

NEW YORK (AP) — Millions of Americans saving for retirement through could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an signed Thursday by President Donald Trump that could give those financial players long-sought access to .

Tesla Tech Is Worth 'A Lot More,' Jim Cramer Says: As For Accenture? 'What The Heck...'

Tesla is 'in transition and you want to be in there because the tech is worth a lot more than what it's selling for right now,' Cramer says.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Judge orders Trump administration to explain why order to restore Voice of America wasn't followed

A federal judge on Wednesday essentially accused the Trump administration of ignoring his orders to restore Voice of America's operations and explain clearly what it is doing with the government-run operation that provides news to other countries.

Disney's 3Q profit climbs as it sees strength at domestic parks, adds streaming subscribers

Disney's profit and revenue climbed in its fiscal third quarter as the entertainment company continued to add subscribers to its streaming service and see strength at its domestic theme parks.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

China's Crackdown Forces Alibaba, JD, And Meituan To Call Truce On Price War

Alibaba, Meituan, and JD.com commit to end price-based competition in food delivery sector after regulatory scrutiny.

Retiring and relocating? Take a holistic approach

NEW YORK (AP) — Debra Taylor has had a busy year or so: She's going through a divorce while in the — and she's moving to Portugal from Southern California with one of her daughters.

Our No.1 AI Stock Has Nothing to Do With Tech - Ad

Nvidia CEO Jensen Huang recently said AI requires "100 times more" power. We believe that means the best way to invest in AI right now has nothing to do with technology ... And everything to do with energy. One stock appears to be perfectly positioned...

Uber, Walmart, Rocket Companies And More: CNBC's 'Final Trades'

Uber reported quarterly revenue growth of 18% year-over-year to $12.65 billion, surpassing the analyst consensus estimate of $12.46 billion.

Under AMD, Qualcomm Competitive Heat, Intel Gets Hit With Fitch Credit Downgrade

Fitch downgraded Intel's credit rating to BBB with a negative outlook, citing weak demand, fierce competition from AMD and Qualcomm, and ongoing financial and operational challenges despite a recent revenue beat.

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

TMC Targets $23 Billion Sea Floor Wealth As ISA Oversight Looms

TMC releases PFS for NORI-D project, declaring world's first mineral reserves for polymetallic nodules in international waters with $23.6B NPV.

FDA flags problems with two Boston Scientific heart devices tied to injuries and deaths

WASHINGTON (AP) — U.S. health regulators are warning doctors and patients about safety issues with two separate heart devices recently linked to injuries and deaths.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Senate committee advances Trump nominee to lead cybersecurity agency that protects election systems

NEW YORK (AP) — A U.S. Senate committee voted Wednesday to advance President Donald Trump’s pick to lead the agency that secures the nation’s critical infrastructure, .

Wallis Annenberg, billionaire philanthropist who backed arts, science and other causes, dies at 86

LOS ANGELES (AP) — Wallis Annenberg, the billionaire philanthropist who supported the arts, science, education and animal welfare causes over decades in Los Angeles, died Monday, her family said.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Brazil's President Says 'Won't Humiliate Myself' By Calling Trump — Seeks Joint BRICS Response With China, India To Counter Tariffs

Brazilian President Luiz Inácio Lula da Silva said he has no plans to reach out to U.S. President Donald Trump to negotiate the new tariffs imposed by the United States on Brazil.

Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics

WASHINGTON (AP) — President said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Cencora Says Famed GLP-1 Class Products Drive Growth, Boosts Profit Outlook

Cencora reports Q3 sales of $80.66 billion and EPS of $4.00, both above estimates, driven by GLP-1 and specialty drug demand in U.S. markets.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service