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(Bloomberg) -- Poland’s central bank extended its period of stable interest rates into 16th month with an expected rebound in economic growth adding to Governor Adam Glapinski’s arguments against the need for cuts.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensitySan

Back in August, as speculation about a potential Elon Musk cabinet position began swirling, I wrote that the notion was laughable. Boy was I wrong.

Peers Goldman Sachs and Wells Fargo continue to expect two interest rate cuts this year. President Trump's tariff policy is expected to drive up inflation and will increase pressure on the U.S. central bank as it looks to control persistent inflationary pressures.

Global gold demand including over-the-counter (OTC) trading rose by 1% to a record high of 4,974.5 metric tons in 2024 as investment increased, the World Gold Council (WGC) said on Wednesday, adding that central banks sped up buying in the fourth quarter. Spot gold prices rose by 27% last year, the most since 2010, as investors chose the metal to hedge against global risks and as the U.S. Federal Reserve slashed interest rates. Prices hit another all-time high on Tuesday, driven by safe-haven demand after China retaliated with tariffs on the United States in response to President Donald Trump's trade levies.

The Federal Reserve can continue cutting interest rates at least "over the medium term," Fed Vice Chair Philip Jefferson said on Tuesday, reiterating the U.S. central bank's message that policymakers needn't rush their next rate cut. In that situation, "over the medium term, I continue to see a gradual reduction in the level of monetary policy restraint placed on the economy as we move toward a more neutral stance as the most likely outcome," Jefferson said. The outlook for this year is good, he said, but "we face additional uncertainties about the exact shape of government policies, as well as their economic implications."

(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said it’s appropriate for policymakers to be cautious in adjusting interest rates, as long as the economy and labor market remain strong.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityTransportation Memos Favor Places With Higher Birth and Marriage RatesWhen French Communists

Social media platforms are fueling the extreme budgeting trend.