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Eric Sprott Announces Changes to His Holdings in York Harbour Metals Inc.
Toronto, Ontario--(Newsfile Corp. - December 4, 2023) - Eric Sprott announces that, on December 4, 2023, 500,000 common share purchase warrants (Warrants) of York Harbour Metals Inc., (held by 2176423
Bullish insiders at York Harbour Metals Inc. (CVE:YORK) loaded up on CA$2.9m of stock earlier this year
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of York Harbour Metals Inc. (CVE:YORK), that sends out a posit
The moderation of US consumer price increases in July is basically in line with expectations.
Us consumer price growth slowed in July, but the slowdown failed to fully eliminate the pressure of rising costs at a time when rising prices hit consumer confidence and fuelled policy debate. Data released by the labour department on Wednesday showed that the US consumer price index (CPI) rose 0.5 per cent in July from a month earlier, up 5.4 per cent from a year earlier. Core CPI, which excludes food and energy costs, rose 0.3 per cent from a month earlier and 4.3 per cent from a year earlier. Companies with rising cost pressures are raising the prices of goods and services amid supply constraints and surging demand. Challenges, including shortages of raw materials, transport bottlenecks and recruitment difficulties
Powell is more worried about high inflation than the employment situation.
During the Fed news conference, what was surprising was Powell's view of economic risks. Powell is optimistic. The Fed's adoption of a new framework and waiting for the direction of actual inflation can be seen as a formal manifestation of Powell's optimism. Overall, Powell is optimistic that unemployment will fall rapidly along with inflation. But of the two, he (and many other members of the FOMC seem to be) are more focused on the risk of excessive inflation than the risk of labour market losing momentum before the goal of full employment is achieved.
JPMorgan Chase: the Fed's adjustment of managed interest rates is not a panacea for the money market
JPMorgan strategists Teresa Ho, Alex Roever and Ryan Lessing said in a report on June 16 that while the Fed's adjustment of the interest rate on excess reserves and the reverse repo agreement (RRP) rate have eased the downward pressure on short-end interest rates, the imbalance between supply and demand still exists and "is likely to continue to intensify in the medium term." Strategists say, "technological adjustment is not a panacea for money markets." Although the Fed has begun to discuss the reduction of stimulus measures, the actual timing is "far from certain". At the same time, reserve growth, deposit creation and management, and money funds
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