Gold headed for a fourth weekly gain on expectations the Federal Reserve is poised to lower US interest rates, with prices aided by inflows into bullion-backed exchange traded funds. The precious metal traded up about 1.7% this week, after setting a record in Tuesday's session. The latest data on Friday showed consumer sentiment fell in September to the lowest since May and long-term inflation expectations rose for the second straight month. Merk Investments President and Chief Investment Officer Axel Merk ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The U.S. economy experienced inflation acceleration in August, which was largely in line with market expectations, sparking a debate as President Donald Trump declared “No Inflation!!!” on social media. That claim was promptly challenged by economist Justin Wolfers, who asked, “No inflation? Says who?”. Trump Takes A Jibe At ‘Total Disaster’ Jerome ‘Too Late’ Powell Trump's post called for the Federal Rese ...

Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025.The Senate Banking Committee is set to vote Wednesday morning on whether to advance the nomination by President Donald Trump of Stephen Miran, a top White House economic advisor, to become Federal Reserve governor for at least the next several months.The vote comes a day after a federal judge in Washington, D.C., temporarily blocked Trump from ...

LONDON — European stock markets are set to open higher on Friday, as investors await a key U.S. jobs report that's likely to set expectations for an upcoming Federal Reserve interest rate cut.Major bourses are all seen opening higher, according to IG data.Both equities and bonds sold off globally earlier in the week amid fears over governments' high debt loads and fiscal plans, particularly as the White House scrambled to protect its new tariff revenues.However, sentiment brightened on Thursday as U.S. payr ...