COMEX Gold prices started the week on a negative note, plunging almost 2.5% in the first two days. The yellow metal approached an eleven-week low of $1,810.8 per troy ounce notched in the previous week, as Fed chair Jerome Powell unveiled a hawkish tilt. During the congressional testimony, Fed chair Jerome Powell said that the … Read more
Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards: quantitative tightening. Minutes from the Fed‘s December meeting released on Wednesday showed that officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation, with “many” judging the appropriate … Read more
By Steve Matthews and Emily Barrett Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the US economic recovery. The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a … Read more
By Christopher Condon, Matthew Boesler and Craig Torres US central bankers appeared to back off from an earlier readiness to clarify their guidance on the future path of interest rates when they met in July. “With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity … Read more