GSP News and Press, Barclays Bank PLC iPath Exchange Traded Notes due June 12 2036 Linked to GSCI Total Return Index From 06/21/21

Policymakers at the Federal Reserve advised Wednesday that interest rates would rise from record lows sometime in 2023, updating an earlier forecast of rises not until 2024. In the absence of any other driving dynamic, markets are taking direction from the dollar. The positive tak...

At the FOMC meeting, the median outlook for core inflation this year drifted up to three percent from 2.1 percent (though the long-term inflation outlook didn’t change). Of more direct market consequence, the median “dot plot” around the Fed funds rate in 2023 had...

While some investors welcomed the dramatic increase in commodities prices so far this year, others saw them as a warning sign of real inflation coming to the United States and other markets. A recent survey of fund managers found that nearly three-quarters of them believe that inflati...

Fast-rising inflation could have major economic consequences with implications that reach far beyond the checkout aisle. The best-known measure of inflation, the Consumer Price Index [CPI], rose 5% in May 2021 compared with the same month last year — the biggest annual rise sin...

Talk of a new commodity super-cycle may be premature. Once GDP growth returns to trend, commodity demand will moderate. Fiscal and monetary reliefs are key to maintaining growth and demand. Structural changes in energy demand will prove more persistent. For further detai...

The US PPI, with updated estimates for May 2021 released by the BLS today, may have already peaked. Europe’s further lackluster HICP for April was confirmed on May 19, representing the most recent top in German bunds. Small wonder bond yields globally have ignored one huge ...

This morning we learned that US retail spending fell 1.3% in May (more than the -.80 expected). Commodities have been sensing the shift, with the price of many key inputs like lumber (-42%), steel rebar (-18%) and copper (-9%) down sharply from recent peaks. Increases in oil, gas ...

The global commodities complex continued to receive strong investor support over the past month as the world economy entered unfamiliar territory. All forms of transportation are experiencing delays (some intermittently), including ocean freight, air freight, trucking and rail. Ri...

Like a lot of parts of the global economy, housing/wood/material each saw a drop in both supply and demand given last year’s recession. Once beyond the commodity-induced price effects, it becomes clear the economy is settling back into the same disinflationary circumstances or ...

Much of last week’s economic focus was on the inflation report. Inflation was indeed pretty hot year over year, but that wasn’t unexpected. With CPI printing at 5% year over year, bond yields fell. But these are small moves, and the trend for rates is still up for now. ...