-- Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead of a key U.S. inflation reading this week.
One specific segment within tech has consistently outperformed most others.
According to Odaily, US banks have expressed concerns over potential inflation risks due to robust spending in the service sector, a tight labor market, and fiscal uncertainty. Despite the PCE inflation index gradually nearing its target, the resilience of US economic growth and a positive output gap make any monetary easing seem premature. This supports the view that the easing cycle may begin in December. The impact and uncertainty surrounding the US elections could be another reason why the US may not want to lower interest rates prematurely. The US banking sector's perspective on the economic situation provides a crucial insight into the potential future of the country's financial landscape. The concerns raised about inflation risks and the reluctance to lower interest rates prematurely highlight the challenges faced by the US economy. The potential start of an easing cycle in December could signal a shift in monetary policy, which will have significant implications for the US and global economies.
We have highlighted five ETFs that are beating the S&P 500 Index in the year-to-date time frame and are popular with large AUMs, say more than $20 billion.
This semiconductor ETF hits a new 52-week high. Are more gains in store for this ETF?
Mortgage rates are showing signs of easing, falling below the 7% for the first time in a month. Melissa Cohn, William Raveis Mortgage regional vice president, joins Wealth! to discuss her outlook on the housing market. Cohn notes that "more buyers will come into the marketplace" as rates continue their downward trajectory. She advises individuals looking to purchase a home to buy now. As the number of homebuyers increases and rates continue to drop, Cohn says, "prices are likely to go up." Cohn also highlights home sellers, noting the importance of finding "that happy medium." For those looking to sell their properties, she says they must remember that they will ultimately be in the market to buy as well. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
While the broader housing sector continues to face challenges, luxury homes in Silicon Valley are flying off the market. Analysts attribute this surge in high-end real estate activity to the ongoing artificial intelligence boom. Yahoo Finance's Rebecca Chen breaks down AI's impact on the region's successful real estate trends. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Is now a good time to shift out of tech stocks and into small cap ETFs?
- The U.S. dollar edged lower in early European trade Friday, but was still on course for its largest weekly rise in over a month on fading expectations of early...
UBS recommended investors to short the USD/CHF pair, indicating attractive entry levels for the trade. The firm highlighted that the DXY index, which measures the US dollar's...