For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …
Read More »Jerome Powell’s Comments Praise Fed’s Cautious Approach
Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …
Read More »Powell speech: 50 bps move is a commitment to us not falling behind
Fed Chair Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes:“Housing market is frozen in part due to higher rates.”“As rates come home, …
Read More »Gold Prices Plummet Following Fed Rate Cut
Gold prices experienced a significant decline after the Federal Reserve (Fed) announced a 50-basis point rate cut. Despite the reduction, the Fed projected the federal funds rate to reach 4.4% by the end of 2024, indicating a continued tightening stance.Rate Cut and Outlook: The Fed’s decision to lower borrowing costs …
Read More »Powell: FOMC decisions are never about politics or anything else
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes“Immigration is one of the things that has allowed unemployment rate to …
Read More »FOMC cuts interest rate by 50 bps to 4.75%-5%
Following its meeting in September, the FOMC decided to 50 bps to 4.75%-5% as widely anticipated. Key hints on the outlook for interest rates are expected from the updated Summary of Economic Projections and comments made by Fed Chairman Powell. Depending on the magnitude of the interest rate cut, the …
Read More »Explainer: Key Contour Lines Around FOMC’s Looming Decision
The US Federal Reserve is poised to conclude its policy meeting on July Thirty First, with Chair Jerome Powell expected to discuss the central bank’s rate latest decision. This meeting is seen by most analysts as a warm-up act for September, as many Wall Street analysts are hoping for insights …
Read More »Will FOMC cut interest rate in July or just warm up for September meeting?
FOMC meeting began on Tuesday amid hopes that Jerome Powell, Fed Chairman, could hint the timing or number of rate cuts at least until the end of 2024, this comes amid accelerating expectations that the Federal Open Market Committee will begin cutting rates in its meeting next September.These expectations are …
Read More »Gold Prices Ease Slightly After Rallying on Rate Cut Expectations
Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …
Read More »Gold Prices Climb as Powell’s Comments Fuel Rate Cut Speculation
Gold prices continued their upward trend in Asian trading on Thursday, buoyed by a weaker dollar and declining Treasury yields as expectations of U.S. interest rate cuts gained momentum. The precious metal also benefited from reports of central banks in emerging markets increasing their gold reserves and dovish comments from …
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