Federal Reserve Chair Jerome Powell issued a fresh warning to investors doubting his resolve to fight inflation: interest rates are heading higher and will stay there “for some time.”
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Breaking: Fed’s Powell says restoring price stability to require a restrictive policy stance for ‘some time’
US Federal Reserve (Fed) President Jerome Powell is delivering opening remarks and speaking about the policy outlook at the central bank’s annual Jackson Hole Economic Symposium, in Wyoming.
Gold Falls to Lowest in Almost Two Weeks as Bond Yields Rise
Gold prices slid to the lowest in nearly two weeks as U.S. bond yields surged, curbing the appeal of the non-interest bearing metal.
Gold Holds Drop After Fed Minutes Signal Slower Rate-Hike Pace
Gold held a drop as investors weighed minutes from the Federal Reserve’s July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.
Todays Important Data for Bullion Market [10-Aug-2022]
![Todays Important Data for Bullion Market [10-Aug-2022]](https://www.goldsilverreports.com/wp-content/uploads/2022/08/DATA-FOR-TODAY-10082022.webp)
Todays Important Data for Bullion Market Annual inflation rate in the US likely slowed to 8.7% in July of 2022 from 9.1% in June, which was …
Fed Raises Rates by 75 Basis Points to Clamp Down on Inflation
Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation — but risking a sharp blow to the economy.
Fed hikes policy rate by 75 bps to 2.25-2.5%, as expected
The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.