Tag Archives: interest rate cut

Gold price, eventually, abandoned daily lows and climbed above the $2000 level. The precious metal benefited from sinking Treasury bond yields after FOMC’s statement had signaled dovishness with projected interest rate cuts in the new year. Fed Chair, Jerome Powell, stated that the Fed is committed to achieving its mandates …

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the December meeting. This decision came in line with the market expectation.The revised Summary of Projections (SEP) showed that that Fed officials’ median view of policy rate …

The Fed has held its key interest rate unchanged for the third consecutive time and set the stage for multiple cuts to come in 2024 and beyond. With inflation rates easing and the economy holding in, FOMC members voted unanimously to keep the benchmark overnight borrowing rate in a targeted …

The likelihood of a recession is one big question that is being discussed again and again as observers, including former Fed officials still argue that there is still an obvious risk of a recession.Jerome Powell and Co. are seen as walking on a fine line. The extent of fiscal stimulus, …

The US consumer price inflation looks to have negatively surprised the consensus. Economists still predict that the Fed will hold interest rates steady until June 2024, when they will start to cut them. In other words, October saw a decrease in inflationary pressures.With fuel prices acting as a major drag …

On Monday, gold prices hovered near the lowest level in three weeks in light of the rise in the dollar and investors awaited US inflation data to obtain more indications about the path of US interest rates. Gold rose in spot transactions by 0.1 percent, recording $1,938.12 per ounce by …

In the near term, the price of gold (XAU/USD) has fallen sharply to around $1,950 after a brief recovery. This decline is driven by the strong inclination of Federal Reserve policymakers to tighten monetary policy further. Federal Reserve Chair Jerome Powell supports tightening policy and emphasizes the need for a …

Gold prices have rebounded from their weekly lows, marking a 0.43% increase, as traders digest the latest US jobless claims report. The Federal Reserve’s divided stance and the anticipation of Chairman Powell’s speech keep investors on edge, with a dovish tilt currently in the lead. Geopolitical tensions following the Hamas …

On Tuesday, another round of Fed speakes are attracting the attention of traders, investors and market participants. “We will certainly not continue to raise interest rates until inflation has already fallen to 2%,” Cleveland Federal Reserve President Loretta Mester said.“Nor will we wait to lower interest rates until inflation is …

Although a sparse macroeconomic calendar kept key pairs at known levels, the US dollar lost some gain on Monday. While government bond yields increased, reflecting the prevailing cautious approach, market sentiment remained negative. Investors’ concerns that global central bankers will continue their monetary tightening programmes to control inflation caused the …