Gold Set for Seventh Weekly Gain as US Shutdown Clouds Rate Path

Adriana D. Kugler, a former governor of the Federal Reserve who resigned in August, has been found to have violated trading rules. Disclosures indicate that she reported trades in stocks, including those of Apple and Southwest Airlines, in 2024. This revelation raises concerns about compliance with trading regulations among officials in financial institutions.

Former Federal Reserve Governor Adriana Kugler resigned in August, citing a 'personal matter,' which has since raised concerns among economists and market watchers. Her departure was linked to an internal ethics investigation regarding illegal stock trades. This investigation reportedly stemmed from her financial holdings that did not comply with the central bank's ethics rules, leading to her abrupt resignation.

Adriana Kugler, the former Federal Reserve governor, has been reported for making numerous stock transactions that violated central bank policies, as revealed by new financial disclosure forms. These transactions have led to an ethics investigation concerning her actions.

Federal Reserve Bank of Kansas City President Jeff Schmid has indicated a strong possibility of an interest-rate cut in December, amidst ongoing concerns that inflation remains 'too high.' This message has significantly impacted the markets, reflecting a shift in sentiment among Fed officials regarding affordability and economic conditions.

Former Federal Reserve Governor Adriana Kugler has resigned following Chair Jerome Powell's refusal to grant her a waiver concerning financial holdings that violated the central bank's ethics rules. This decision comes amid ongoing scrutiny of trading practices within the Federal Reserve.

Gene Sperling, president of Sperling Economic Strategies, critiques the Trump administration's policies, labeling them as 'stagflationary.' He highlights how immigration policies and tariffs contribute to rising inflation while hindering economic growth, complicating the Federal Reserve's efforts. Sperling shared these insights during an interview with Romaine Bostick and Katie Greifeld on 'The Close.'

US stocks remained steady following a global tech rout, as concerns about high valuations were exacerbated by doubts regarding a potential interest rate cut by the Federal Reserve in December. This uncertainty has contributed to a cautious market sentiment, particularly affecting technology stocks, which have seen significant drops recently.

The reopening of the government has not resolved delays in the release of economic data, specifically jobs and inflation figures, which will be published late and with caveats. This situation complicates the Federal Reserve's deliberations on interest rates, as economists, policymakers, and investors will have to wait weeks for a clearer understanding of critical issues such as inflation, spending, and the labor market.