Gold prices: “After a slight recovery at the beginning of the week, the price is falling further today. The main obstacle is the sharp rise in US bond yields, which is increasing the opportunity cost of holding gold. Behind this is the reduction in expectations for Fed interest rate cuts in the coming year.”
fed interest rate
![Gold Ready to Move Target price $1877 By Neal Bhai [26-01-2022]](https://www.goldsilverreports.com/wp-content/uploads/2019/12/Jerome-Powell-gsr-145.jpg)
US Federal Reserve Warns Coronavirus “Poses Considerable Risks”
The Federal Reserve said Wednesday the coronavirus pandemic already has caused “tremendous” health and economic hardship, and warned the damage to the US economy will continue along with high unemployment.
Fed Keeps Rates Unchanged, Says Inflation Pressure Is Low
The Federal Open Market Committee, or FOMC, just wrapped up its two-day meeting. As expected, the federal funds rate remained the same, but that doesn’t mean that nothing significant happened. In fact, some potentially dovish language has been added to the committee’s statement, which may reduce the probability of further interest rate hikes.