Good Reads
Fed raises interest rates by a quarter point in unanimous decision
The Federal Open Market Committee voted to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023, as renewed tensions in the Middle East drive oil prices higher and raise concerns about broadening price pressures. Read on »
Uranium retraces $90/lb amid supply risks and strong demand
The Wall Street Journal quotes miners saying that long-term prices, reflecting what power companies are willing to pay under multi-year contracts, are at their highest level in at least 18 years. Read on »
Kalshi Launches Paper Gold Trading
Kalshi is getting into the gold business. Kind of. The catch is it doesn’t involve any actual gold. The prediction market exchange recently announced the launch of a gold perpetual futures contract, colloquially referred to as a “perp contract.” Unlike traditional futures contracts, perps never expire and don’t require anybody to hold the underlying asset. Read on »
Community News
Here is what changed in the new Fed statement under Warsh Link>>
Gold is starting to move on something a lot bigger than inflation Link>>
First Quantum patents its answer to mining’s diesel habit Link>>
Why the AI CEOs Really Want to Be Regulated Link>>
Ranked: Countries Where Bond Yields Are Rising Fastest Link>>