In a recent statement, Bessent noted that the US economy showed resilience in January and February, despite challenges. However, consumer prices surged by 0.9% month-over-month, marking the largest increase in nearly four years. This spike raises concerns about inflationary pressures that could affect economic stability.

Excluding food and energy, inflation still rose by 0.2% month-over-month and 2.6% year-over-year, indicating persistent price pressures that complicate the Federal Reserve’s decision-making process. Bessent’s comments reflect a growing consensus among economists that the current economic landscape requires careful navigation.

In a related development, Bessent and Federal Reserve Chair Jerome Powell convened a meeting with CEOs from major banks, including Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs, to discuss cybersecurity risks associated with Anthropic’s AI model. Notably, JPMorgan CEO Jamie Dimon was unable to attend.

During the meeting, it was revealed that Anthropic’s AI model had identified thousands of zero-day vulnerabilities across major operating systems and web browsers, raising alarms about potential security threats. The Pentagon has classified these vulnerabilities as a national security risk, underscoring the urgency of addressing cybersecurity in the financial sector.

Bessent’s remarks reflect a broader concern about the interplay between economic stability and geopolitical tensions. He stated, “If ever there was ‘Team Transitory,’ it’s this,” highlighting the unpredictable nature of current economic conditions.

As the situation evolves, Bessent acknowledged that there may be a need for “make-up” in economic policy to address the challenges posed by inflation and security risks. He expressed optimism about the future, suggesting that we may look back and recognize the importance of stability in the coming years.

Details remain unconfirmed regarding the exact impact of these discussions on future Federal Reserve policies, but the urgency of the situation cannot be overstated. The interplay between rising inflation and cybersecurity threats will likely shape the economic landscape in the months ahead.

Сообщение Scott Bessent Urges Caution on Interest Rates Amid Economic Concerns появились сначала на SvnMorningNews.

Easter Monday, observed the day after Easter, is not a federal holiday in the United States. As such, many businesses continue their regular operations on this day. According to The Federal Reserve, most banks will be open on Easter Monday, April 6, 2026.

In addition to banks, other essential services will also be operational. The United States Postal Service will be open, and mail will be delivered as usual on Easter Monday. FedEx and UPS will maintain normal operations, with both the UPS Store and UPS delivery services available.

While most banks and services will be open, some schools may choose to close, particularly if Easter falls during their spring break. This variation can lead to confusion among parents and students alike.

It is important to note that Easter Monday is recognized as a public holiday in several countries, including Canada and parts of the United Kingdom, but this is not the case in the U.S. In Delaware, for example, Easter Monday is not a state holiday, and state government offices will remain open.

As the date approaches, observers expect banks and services to communicate their hours clearly to avoid any confusion among customers. This proactive approach is vital for ensuring that the public is informed about available services during the holiday.

Overall, the consensus is that most banks will be ready to serve their customers on Easter Monday, providing a sense of normalcy amid the holiday celebrations.

Сообщение Are Banks Open on Easter Monday? появились сначала на SvnMorningNews.

The Federal Reserve’s decision to maintain its main interest rate has sent ripples through the financial markets, particularly impacting gold prices. As investors reacted to the Fed’s cautious outlook on rate cuts, gold experienced a significant selloff, leading to a sharp decline in GLD stock.

On March 21, 2026, GLD stock fell 4.1%, closing at $426.41. This decline was closely tied to the broader market dynamics, including a stronger dollar that pressured gold. The price of gold dropped below the critical threshold of $5,000 per ounce, settling at $4,896.20. Such fluctuations highlight the sensitivity of gold prices to monetary policy and economic indicators.

The yield on the 10-year Treasury also saw an uptick, climbing to 4.25% from 4.20% late Tuesday. This increase in yield further complicates the investment landscape for gold, traditionally viewed as a safe haven during times of economic uncertainty. As a result, GLD stock closed below its 50-day average of $455.74 but remained above the 200-day average of $373.04.

Trading volume for GLD stock surged to 30.21 million, significantly above the average of 18.23 million. This heightened activity suggests that investors are reacting swiftly to the changing market conditions. Support for GLD stock is currently near $416.80, while resistance levels are identified around $441 to $442.

Despite the recent downturn, GLD stock’s year high stands at $509.70, indicating that shares are approximately 16% below that mark. The Relative Strength Index (RSI) for GLD stock is at 33.47, suggesting oversold conditions, which may prompt some investors to consider buying opportunities.

Jerome Powell, the chair of the Federal Reserve, remarked, “We just don’t know” when addressing the uncertainty surrounding future economic conditions and their potential impact on gold prices. This statement underscores the ambiguity that investors face in the current climate.

As geopolitical risks, particularly involving Iran, continue to loom, the impact on gold prices remains unclear. Details remain unconfirmed, but observers are closely monitoring how these factors will influence market trends moving forward.

Сообщение GLD stock plunges amid Fed’s hawkish stance and geopolitical tensions появились сначала на SvnMorningNews.