New York Fed

Three-year inflation outlook hits record low in New York Fed consumer survey

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Three-year inflation outlook hits record low in New York Fed consumer survey

People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a … Read more

Gold demand hit record highs in 2023 amid geopolitical risks, China weakness

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Gold demand hit record highs in 2023 amid geopolitical risks, China weakness

Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more