FOMC Minutes – Welcomed Improvement In Financial Conditions With Many Market

FOMC Minutes

According to the FOMC minutes, there has been a welcomed improvement in financial conditions with many market functioning indicators returning to pre-pandemic levels and “purchases were conducted at the minimum pace directed” as a result.

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GOLD, CRUDE OIL PRICES FOCUSED ON US FISCAL STIMULUS TALKS

Gold

Looking ahead, US fiscal stimulus negotiations may be in focus as officials scramble to get a deal done before Congress departs for a recess at the end of the week. Democrats have put up a proposal costing $3.5 trillion while Republicans countered with a $1 trillion scheme.

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