Daily Dispatches

There are 3 Big Reasons Why the Dollar's Dominance Won't Wane Any Time Soon

By Matthew Fox
Insider.com, New York
Wednesday, April 5, 2023

The U.S. dollar's dominant role as the world's reserve currency is not going to end any time soon, according to a note yesterday from the Carson Group.

Recent agreements between China and Russia, combined with rising tensions between those two countries and the United States, have sparked speculation that the U.S. dollar is going to lose its dominance within the next decade. 

By Pam and Russ Martens
Wall Street on Parade
Wednesday, April 5, 2023

Millions of Americans are beginning to ask themselves: Is the Federal Reserve a competent central bank or a terminally compromised regulator that simply does the bidding of Wall Street's mega-banks to the peril of average Americans and the U.S. economy? 

Millions of other Americans have already made up their minds on this point.

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By Craig Hemke
Sprott Money, Toronto
Tuesday, April 4, 2023

The final leg of the Fed's stool was kicked out from under them Tuesday morning when the latest JOLTS job openings report showed a dramatic slowdown in the U.S. labor market. It's now not a question of "if" the Fed will cut rates, it's a matter of "when".

By Lindsay Dunsmuir and Ann Saphir
Reuters
Tuesday, April 4, 2023

A key gauge of labor market tightness that Federal Reserve Chair Jerome Powell has cited throughout the central bank's aggressive interest-rate hike campaign dropped to its lowest level since late 2021, a sign that a long-awaited cooling is underway and easing concerns borrowing costs will have to move much higher to bring down inflation.