The US Federal Reserve’s Summary of Economic Projections, the so-called dot plot, revealed on Wednesday that officials’ median view of the Fed’s policy rate at the end of 2023 stands at 4.6%, compared to 3.8% in June’s dot plot.
fed rate
Powell’s New Guidance: Higher Rates for Longer to Beat Inflation
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.”
The Fed does not want to induce a recession but is there any choice?
“There is no sign I can see of a broader slowdown in the economy…We are not trying to induce a recession,” Federal Reserve Chair Jerome Powell.
Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed
Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.
Why a Fed Rate Hike is Unlikely to Reignite the Dollar Rally – Gold Silver Reports
Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
Trade And Tariffs – Implications for the Fed
Trade tensions have been steadily escalating since the start of the year, culminating in the latest round of tariffs on $200bn of imports from China.