inflation goal

No appetite at Fed, ECB for changing inflation goal

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No appetite at Fed, ECB for changing inflation goal

Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed … Read more

Gold heads for biggest monthly drop since 2016 on Fed officials’ hawkish views

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Gold heads for biggest monthly drop since 2016 on Fed officials’ hawkish views

Gold prices edged lower on Tuesday to hover near a one-week low hit in the previous session. It was headed for the biggest monthly drop in more than four years, weighed down by a firm dollar and concerns that the US Federal Reserve will tighten its monetary policy sooner than expected. Spot gold was down … Read more