The week ending July 7 turned out to be a week of whipsaws for the gold traders as, depending on the US data released through the week, the metal swung from one end to the other end of its current trading range of $1900-$1950. The US macroeconomic data released in the week were mixed. ISM … 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
Federal Reserve officials widely concluded that they had attained their inflation goal while still needing progress on their employment mandate, the record of their July meeting showed. “Most participants judged that the Committee’s standard of ‘substantial further progress’ toward the maximum-employment goal had not yet been met,” minutes of the Federal Open Market Committee’s July … Read more
By Catarina Saraiva Federal Reserve officials were cautiously optimistic about the US economic recovery at the central bank’s April meeting, with some officials signaling they’d be open to discussing scaling back the central bank’s massive bond purchases “at some point.” “A number of participants suggested that if the economy continued to make rapid progress toward … Read more
By Craig Torres Federal Reserve officials last month saw it taking some time before the conditions would be met for scaling back their massive asset-purchase campaign. “Participants noted that it would likely be some time until substantial further progress toward the Committee’s maximum-employment and price-stability goals would be realized,” according to minutes from the March … Read more