Central banks love to cut rates in gradual, 25 basis-point chunks, don't they? Nobody knows why. And frankly, it doesn’t always make much sense, writes James Smith. Should the ECB cut rates next week? And should the Fed and BoE speed things up?
One of the top candidates to succeed Jerome Powell at the Federal Reserve said the central bank needs to coordinate more closely with the U.S. Treasury and advocated for a much more inflationary monetary policy.
Gold became a Tier 1 asset for large U.S. banks on Tuesday, July 1, 2025, which means they do not have any reserve requirements. That makes gold attractive to money center banks.
