Kitco News
Spot gold trades at $4,029/oz after Consumer Confidence drops to 90.8 in July -
(Kitco News) - Gold prices are trading up from session lows after the latest data showed a worsening picture for U.S. consumer sentiment this month.The Consumer Confidence Index rose to 90.8 in July, below economists’ consensus forecast for a 92.3 reading and below the upwardly revised 92.2 print from June, the Conference Board announced on Tuesday.
Gold, silver slide as rate-hike risk caps haven demand - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are lower ahead of the North American market open Tuesday, as a firmer U.S. dollar, elevated Treasury yields and caution before this week’s Federal Reserve decision pressured precious metals. At the time of writing, spot gold was trading near $4,031.00 an ounce, down 1.09%, while spot silver was trading near $57.19, down 1.89% on the session.
China is buying every dip and the 'reset' is already here, Middelkoop says -
(Kitco News) - The "Big Reset" author says China favors a lower gold price so it can keep accumulating, that gold's monetary role is returning quietly through central-bank books, and that silver is headed to $500.
Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil -
(Kitco NewsWire) - Spot gold and silver prices were firmer in late-afternoon U.S. trading Monday as lower oil prices eased the inflation impulse from the U.S.-Iran conflict, while positioning remained cautious ahead of this week’s Federal Reserve decision.
Gold's next $1,000 move is likely higher as Fed hawkishness peaks, says State Street's Doshi -
(Kitco News) - Gold prices are expected to consolidate around $4,000 an ounce through the rest of the summer as markets wait for clearer guidance from the Federal Reserve on the direction of its monetary policy for the remainder of the year.
China’s gold stockpile could surpass U.S. holdings in the next five years - BMO Capital Markets -
(Kitco News) - Lackluster Western gold demand has kept a lid on prices over the last few months; however, one bank has pointed out that Asian demand, led by China, remains a key pillar of support for the global market, and the nation's stockpile and influence could be much greater than previously believed.
Gold, silver rise as oil slides on U.S.-Iran pause -
(Kitco NewWire) - Spot gold and silver prices are higher in early U.S. trading Monday, as a sharp retreat in crude oil reduced immediate inflation pressure while investors positioned for this week’s Federal Reserve decision.
Gold remains stuck below $4,100 even as U.S. durable goods shows weak manufacturing activity -
(Kitco News) - The gold market continues to struggle to attract a consistent safe-haven bid even as the U.S. manufacturing sector rises at a slower pace than expected.
Wall Street cautious after gold’s lack of follow-through, Main Street bullish with Fed decision on deck -
The latest Kitco News Weekly Gold Survey showed Wall Street bearish or undecided on gold’s near-term prospects, while Main Street sentiment remained improved after the yellow metal defended $4,000 support once again.
Gold holds near $4,050 as equities diverge, oil falls - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are modestly higher in late-afternoon U.S. trading Friday, as crude oil pulled back from Thursday’s spike, Treasury yields eased and the U.S. dollar held near recent highs. At the time of writing, spot gold was trading near $4,052.70 an ounce, up 0.08%, while spot silver was trading near $58.16, up 0.87% on the session.
Zero Hedge
Secret Service Probes Iran-Linked Video Calling for Melania Trump's Assassination -
Secret Service Probes Iran-Linked Video Calling for Melania Trump's Assassination
Authored by Tom Ozimek via The Epoch Times,
A video calling for the assassination of First Lady Melania Trump has been published by a media outlet linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), with the U.S. Secret Service saying it is aware of the material and investigating anything perc...
Nearly 400 Drones Target Moscow Overnight, With Zelensky In Washington Seeking To Sway Trump -
Nearly 400 Drones Target Moscow Overnight, With Zelensky In Washington Seeking To Sway Trump
Ukraine's long-range drone attacks on Russian territory have long become a nightly thing (as have Russian drones and missiles on Ukraine territory), but it has become clear that these attack waves have grown in volume and effectiveness.
On Tuesday Russian officials are newly acknowledging ...
Massie Joins Democrats In Bid To Sue White House Over Iran War -
Massie Joins Democrats In Bid To Sue White House Over Iran War
Authored by Dave DeCamp via AntiWar.com,
Rep. Thomas Massie (R-KY) is joining a group of Democrats who are attempting to sue the White House over its refusal to follow a War Powers Resolution that was passed by Congress and directed President Trump to end the war with Iran, Fox News Digital reported Monday.
The War Po...
Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years -
Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years
The Conference Board's measure of Americans' Consumer Confidence fell more than expected in July, from an upwardly revised 92.2 to 90.8 (well below the 92.4 expectation)...
The Present Situation index fell to 114.9 (below 117.5 exp) - its weakest since Feb 2021 while Expectations were unc...
J&J's Proposed $5.5 Billion Talc Settlement May "Lift Remaining Overhang" On Shares, Says Guggenheim -
J&J's Proposed $5.5 Billion Talc Settlement May "Lift Remaining Overhang" On Shares, Says Guggenheim
Johnson & Johnson announced late Monday that it had reached an agreement to commit $5.5 billion to resolve most lawsuits alleging its talc products caused ovarian cancer. The settlement could end 15 years of litigation and "lift the remaining overhang" on J&J shares, according to one...
Max'd Out Again: FAA Proposes Inspections For Hundreds Of Boeing 737 Planes Over Seat Installations -
Max'd Out Again: FAA Proposes Inspections For Hundreds Of Boeing 737 Planes Over Seat Installations
Authored by Naveen Athrappully via The Epoch Times,
The Federal Aviation Administration (FAA) is proposing an inspection of hundreds of seats installed in Boeing 737 Max aircraft due to safety concerns.
The FAA proposed adopting a new airworthiness directive for three 737 Max mod...
US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging -
US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging
Having declined for three straight months, US home prices in America's 20 largest cities was expected to rise very marginally (+0.1% MoM) in May (according to the latest data from S&P Cotality Case-Shiller).
Instead, home prices accelerated 0.3% MoM (better than expected), lifting the annual appreciation to +...
War Pause Holds As Trump Vows To Destroy Pickaxe Mountain If No Deal, Oman Pushes Hormuz Management Plan -
War Pause Holds As Trump Vows To Destroy Pickaxe Mountain If No Deal, Oman Pushes Hormuz Management Plan
US-Iran attacks have remained paused, and oil prices have extended their declines, as President Trump has claimed Tehran and Washington are now having "very friendly talks" while at the same time suggesting negotiations might not be prolonged.
"We are in very deep talks with Ir...
This Is The Chart That Jensen Huang Does Not Want You To See -
This Is The Chart That Jensen Huang Does Not Want You To See
In October 2025, while the world and his pet rabbit was buying anything-AI with both hands and feet, we were the first to warn that "AI Is Now A Debt Bubble Too, Quietly Surpassing All Banks To Become The Largest Sector In The Market"...
...as the world began to wake up to the negative free cash flow implications of the ...
Incompatible With Western Society...? -
Incompatible With Western Society...?
Authored by Steve Watson via Modernity News,
The comment section under Al Jazeera's Facebook coverage of the Berlin Pride attack has laid bare a reality Western elites still refuse to face.
Hundreds of users with Arab and Muslim names flooded the post with open celebration of the Islamist vehicle-ramming that killed one woman and injured 29...
MarketWatch - Top Stories
Tech fund manager says the market is misreading Alphabet’s second-quarter earnings -
Investors should focus more on earnings growth and less on capital expenditures, says Catalyst Funds’ chief investment officer.
PayPal delivers an earnings beat — and suggests it’s not against a merger deal -
“If we see levers or a path that we believe would create superior value for our shareholders than executing our current strategy, we would, of course, carefully consider them,” CEO says
The Fed isn’t your biggest worry. The central-bank decision that actually impacts your 401(k) lands in Tokyo. -
Japan is edging toward the exit on buying America’s debt. Here is why this matters to your retirement plans.
Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate -
Investors are worried about China’s domestic supply of chips and manufacturing tools, analysts noted.
Roth conversions as early as your 20s and 30s? It’s not a crazy idea. -
Most people don’t get a break in their tax rate until they retire, but there could be earlier opportunities
As chips sell off, rattled investors should heed this Cisco Systems lesson from the last millennium -
The market should recover its poise within the next few days, says Fundstrat’s Tom Lee.
Las Vegas home prices post largest drop in the nation -
Among the largest U.S. cities, Las Vegas saw the biggest drop in home prices, while Chicago saw the biggest increase.
How coordinating 401(k) contributions with your spouse can unlock thousands in retirement wealth -
There are financial challenges that come with being in a couple, but one of the greatest may be simply talking about money.
Apple is now letting you lease an iPhone like a car. Here’s what to know. -
The program represents a historic shift in how the company sells its consumer electronics — just as consumers are worried about high prices.
I got an unexpected $1,000 medical bill. Here’s why I’m not paying it yet. -
Before you pay any medical bill, take these steps to check it — and possibly lower it.
CNBC Top News
CNBC Economy
GATA
China's June net gold imports via Hong Kong up from year ago, down from May -
By Ashitha ShivaprasadReutersMonday, July 27, 2026
China's net gold imports via Hong Kong more than doubled year-on-year in June, but slipped over 5% from the previous month, data from Hong Kong's Census and Statistics Department showed on Monday.
The world's top gold consumer imported a net 50.679 metric tons of gold via Hong Kong in June, compared with 53.674 tons in May and 19.366 tons in...
Maharrey, Casey demolish Bessent's assurance about Fort Knox gold -
11:59a ET Friday, July 24, 2026
Dear Friend of GATA and Gold:
Mike Maharrey of Money Metals Exchange and International Man's Doug Casey today demolish Treasury Secretary Scott Bessent's recent assurance that everything is fine with the U.S. gold reserve at Fort Knox, despite the demands President Trump and adviser Elon Musk made for a full audit as the second Trump administration began.
... Di...
Venezuela's new regime sees a chance to recover country's gold in London -
Why Venezuela Can't Access $4 Billion in GoldThat Could Help With Earthquake Recovery
By German PadingerCNN, New YorkFriday, July 24, 2026
It's a fight for control over a stash of gold locked away in one of the world’s largest and most secure vaults, but this is no 18th-century pirate novel or bank heist movie.
It's the situation facing the Venezuelan government as it attempts to navigate its w...
China's gold imports surge after slump in international prices -
By Yihui XieBloomberg Newsvia Yahoo News, Sunnyvale, CaliforniaThursday, July 23, 2026
Chinese gold imports rose to a two-year high in June, underscoring resilient demand in the world's biggest bullion market after a plunge in international prices.
Overseas purchases rose a third month to about 173 tons, according to the latest customs data, the highest mark since March 2024. Cheaper prices and...
Alasdair Macleod: Gold and silver in wartime -
By Alasdair MacleodGoldMoney, TorontoFriday, July 24, 2026
Some analysts tell us that gold goes down in war. This is rubbish. Otherwise, why would countries in the past have suspended their gold standards at wartime?
There are some specious arguments being advanced for the lacklustre performance of gold and silver in recent weeks, and the argument above is just one of them. But what makes curre...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
Bill Introduced To Make Bitcoin A Legal Tender In Arizona -
Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
The Conundrum Of Bitcoin Legal Tender Laws -
Nayib Bukele, El Salvador’s laser-eyed President, shocked the world at the Bitcoin 2021 conference in Miami when he announced that bitcoin would become legal tender in his country. A few days later, ...
CoinDesk
Russia outlines new digital depository rules ahead of fall crypto framework roll-out -
The central bank's draft rules require digital asset platforms to hold up to $2.8 million in liquid capital as a sweeping regulatory framework looms.
Hyperliquid is taking crypto perps deep into DeFi’s ‘money LEGO’ land -
Hyperliquid is capitalizing on the volume and depth of its order book by giving firms the option to compose with the platform’s shared liquidity, rather than fragmenting it.
Zcash seals $1.7 billion shielded pool as Ironwood upgrade activates -
The upgrade retires Orchard, where a counterfeiting bug sat undetected for four years. Every coin inside now has to leave through a gate that caps withdrawals at verified deposits.
Morgan Stanley debuts ether, solana exchange-traded products after bitcoin fund success -
The asset manager is offering low-cost ETH and SOL exchange-traded products after its bitcoin fund topped $381 million in assets.
Core Scientific lands AMD AI deal as bitcoin mining operation winds down -
The agreement accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.
Binance makes fighting crypto crime more difficult, says new report -
The New York Times says a quiet change to Binance's compliance rules is forcing international law enforcement to navigate slow-moving government treaties to get user data.
Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges -
A lawsuit alleges Apple kept a fake bitcoin wallet app on its store after one user reported an $875,000 theft, leading to another user having roughly $840,000 stolen.
Bitcoin’s recent stability hasn't been enough to spark a broader altcoin rally -
Your day-ahead look for July 28, 2026
Bitcoin drops as South Korean stocks tumble, Senate shelves crypto Clarity Act -
BTC shed 2% as South Korea's Kospi plunged 11% and the U.S. Senate shelved the Clarity Act, leaving the market facing a pivotal Fed decision on Wednesday.
1inch opens Aqua liquidity protocol across 13 chains -
Liquidity providers can keep assets in their own wallets, using one balance to back multiple positions without splitting capital across different pools.
bitcoin.com
Raoul Pal: Bitcoin’s 87% Correlation to Global Liquidity Beats Earnings and Headlines -
Real Vision CEO Raoul Pal said bitcoin carries an 87% correlation to global liquidity, arguing the asset tracks the amount of money moving through the financial system rather than corporate earnings or the news cycle. A Detailed Explanation Pal, founder of financial media platform Real Vision and a retired Goldman Sachs hedge fund manager, is […]
Prediction Markets Say Hold, Citadel Securities Says Fed Will Hike as Trump Pressures Central Bank -
Federal funds futures traders are pricing a majority chance that the U.S. Federal Reserve holds rates steady this week, but trading activity beneath the headline tells a more nuanced story. Positioning has gradually shifted as Chair Kevin Warsh approaches his second policy decision, with a growing share of participants buying protection against the possibility of […]
Blackrock Pulls $11.75 Million Into ETHA as Ether Funds Outpace Bitcoin Again -
U.S. spot ether ETFs attracted $9.23 million on Monday, while bitcoin funds recorded a third consecutive day of withdrawals. Solana and XRP products also posted modest gains, but HYPE ETFs continued to lose capital. Ether ETFs Add $9.23 Million as Bitcoin Withdrawals Extend to 3 Days Institutional crypto demand opened the week on an uneven […]
X Money Goes Live in 41 States as Elizabeth Warren Warns Elon Musk’s Bank Ambitions Pose Risk -
Elon Musk’s X Money left its invite-only testing phase on July 27, rolling out nationwide to U.S. Premium and Premium+ subscribers. The expansion pairs a Visa-branded debit card with up to $10 million in Federal Deposit Insurance Corporation (FDIC)-linked coverage. Beta Days Are Over X, the social platform formerly known as Twitter, first opened X […]
Sen. Jon Husted Backs the CLARITY Act as Odds of Passage Slip to 30%: Here’s What He Said -
U.S. Senator Jon Husted (R-OH) publicly backed the Digital Asset Market Clarity Act on July 28, arguing the bill is essential for U.S. leadership in digital assets, even as the legislation’s odds of becoming law in 2026 have slipped to just 30%. Husted Joins the Chorus of Senate Backers Husted, who was appointed to the […]
Reason
What Anthony Fauci's Diary Reveals About COVID -
The details prove that the two Faucis—public Fauci and private Fauci—were totally at odds.
Eliminate the summer recess -
A new series on SCOTUSBlog with recommendations for Unilateral Supreme Court Reform.
There Are 150 Completely Uncompetitive House Races in This Year's Midterms -
That's more than one-third of the House. Those districts include more than 84 million Americans, whose input doesn't matter.
Does Trump Need a Win? -
Plus: City-owned grocery stores, Cuban pain, DSA types might take Wisconsin, and more...
Heartwarming? Appalling? On Whose Part? Whatever It Is, It's Strange Indeed -
'Tis strange,—but true; for truth is always strange; Stranger than fiction; if it could be told, How much would novels…
The post Heartwarming? Appalling? On Whose Part? Whatever It Is, It's Strange Indeed appeared first on Reason.com.
School District Wrongly Retaliated Against Parent for Making and Publishing Video of Rainbow Pride Flag on Display in School -
A short excerpt from the long opinion in Pruitt v. Grosse Pointe Public School Sys., decided Friday by Judge Robert…
The post School District Wrongly Retaliated Against Parent for Making and Publishing Video of Rainbow Pride Flag on Display in School appeared first on Reason.com.
Conservative Groups Urge FCC To Show Restraint in ABC Investigation -
Fourteen organizations otherwise supportive of the Trump FCC's agenda cautioned against abusing powers that could later be used against conservatives.
Today in Supreme Court History: July 28, 1880 -
7/28/1880: San Francisco prohibits operation of laundires in wood buildings, "without having first obtained the consent of the board of…
The post Today in Supreme Court History: July 28, 1880 appeared first on Reason.com.
RIP Lou Koller, a Hardcore Punk Hero and Free Speech Champion -
Remembering the lead singer for the iconic band Sick of It All
Brickbat: Waiting on Hold -
Brian Hurton died alone in East Kilbride, Scotland, after calling 999 twice, complaining of severe breathing problems. Dispatchers told him…
The post Brickbat: Waiting on Hold appeared first on Reason.com.
Cato Institute
Tenth Amendment Center
Constitution Enforcement: 6 Ignored Steps That Actually Work -
The founders knew exactly what it takes to deal with unconstitutional power. How that gets done? It’s built on their experience and tactics against the British empire. On this Episode - it’s 6 steps that actually work as the real enforcement mechanism for the constitution. They come right from the American Revolution, backed by the ultimate check - the duty of self preservation
The post Constit...
Constitution: The REAL Reason it Even Exists. -
The founders knew - freedom cannot exist with a government - that doesn’t have strict rules, a clear line in the sand that it’s not allowed to cross. In other words, when government determines the extent of its own power. On this episode, how lessons learned in the American Revolution gave birth to the written constitution. And more importantly, the real reasons it exists - that the government-...
The Foundation of the Constitution: Top-5 Principles from the American Revolution -
Thomas Jefferson called the 10th Amendment the "foundation of the Constitution," and for good reason too. It enshrines many of the radical principles that sparked the “real American Revolution” in the years before the War for Independence.
The post The Foundation of the Constitution: Top-5 Principles from the American Revolution appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
Missed EFF's Livestream with Adam Savage and iFixit? Listen Here! -
EFF’s first EFFecting Change livestream was all the way back in July of 2024. Maybe you've caught each stream, or maybe you’ve only caught a few. Or maybe you’re like me and prefer to listen to conversations like these on your daily commute! Either way, if you want to stay on top of these monthly conversations, you can now subscribe to our new podcast feed for EFFecting Change—starting with our...
Hundreds of Drone-as-First-Responder Programs Could Soon Be Launched Across the Country -
Police departments across the country are lining up to launch drone-as-first-responder (DFR) programs, and hundreds have cleared a necessary hurdle toward making deployment a reality, expanding aerial surveillance and data collection even in areas patrol officers typically can't reach.
As of February 2026, over 1,000 public safety agencies—including police, fire, and other emergency management...
The Fourth Circuit Says Border Agents Can Search Your Phone By Hand, No Suspicion Required -
Legal intern Suzanne Castillo was the principal author of this post.
The Fourth Circuit issued a disappointing opinion in U.S. v. Belmonte Cardozo, a case in which EFF filed an amicus brief, alongside the national ACLU, its Maryland, North Carolina, South Carolina, and Virginia affiliates, and the National Association of Criminal Defense Lawyers (NACDL).
We argued that electronic device searche...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
WY: GOA Endorses 30+ Pro-Gun Candidates Across Wyoming -
See GOA’s list of pro-2A candidates before the upcoming August 18 primary Gun Owners of America is proud to endorse the following candidates in Wyoming’s Republican primary on Tuesday, August 18, 2026: **Click on any image above to download full size graphic for sharing** To find your legislative district, click the button below; cross-reference your district with the list above … Read more
Gun Owners of America Gun Giveaway Official Rules -
Gun Owners of America GOALS 2026 Giveaway OFFERED ONLY TO LEGAL U.S. RESIDENTS AGED 18 YEARS OR OLDER, WHO ARE ELIGIBLE TO OWN A HANDGUN UNDER ALL APPLICABLE LAWS. 1. ELIGIBILITY: Open to U.S. residents age 18 years or older, who are eligible to own and lawfully receive a handgun under federal, state, and local laws, and who enter the … Read more
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms -
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms FOR IMMEDIATE RELEASE July 20, 2026 CHARLOTTE AMALIE, USVI — Gun Owners of America (GOA) and Gun Owners Foundation (GOF) have filed a federal lawsuit challenging the U.S. Virgin Islands’ prohibition on nonresidents exercising their Second Amendment rights. The lawsuit argues the USVI ...
Banking Dive
American Banker
Bank of International Settlements
AI and the global economy: implications for central banks -
by Iñaki Aldasoro, Leonardo Gambacorta, Enisse Kharroubi, Matthias RottnerThe AI boom is driving a large, increasingly debt-financed investment surge and boosting trade and equity markets, generating sizeable terms-of-trade and wealth effects that differ across countries. The productivity payoff from AI, though potentially large, remains uncertain and uneven, across both sectors and countries. ...
What drives exchange rate pass-throughs? Evidence from a non-parametric method -
by Emanuel Kohlscheen, Aaron MehrotraWe provide new evidence on the drivers of the pass-through of exchange rate movements into consumer prices across four decades and close to a hundred countries, combining econometrics and random forests. Random forests are particularly useful for modelling highly non-linear relationships, as well as for identifying the relative importance of the different th...
Dollarisation and monetary control: what lessons for the rise of stablecoins? -
by Boris Hofmann, Aaron Mehrotra, Jan PaulickThe emergence of stablecoins has created a new channel to access US dollar liquidity in emerging market and developing economies (EMDEs), similar to the historical role of foreign currency deposits, or "deposit dollarisation". This has raised concerns about the possible implications for monetary control in EMDEs. Drawing on data on foreign currency d...
Federal Reserve - Press Releases
FDIC - Press Releases