Gold Silver Reports – Brighter U.S. Growth Outlook Emboldens Fed on Rate-Hike Course – U.S. central bankerssent a strong message Wednesday that an expansion with “substantial underlying economic momentum” could sustain additional increases in interest rates this year.
Federal Reserve
Rupee Unlikely to Gain Sharply in Short Term, Seen Range-Bound
Gold Silver Reports – The Indian rupee, which closed on two-month high on Tuesday, is unlikely to gain sharply from the current levels in December despite expectation of sustained foreign flows into the local equity market, according to currency dealers.
Rupee Opens Higher Against US Dollar
Gold Silver Reports – Rupee Opens Higher Against US Dollar – The Indian rupee on Wednesday strengthened against the US dollar tracking gains in the local equity and Asian currencies market.
Yellen Says She’ll Leave Fed Once Powell Is Sworn In as Chairman
Gold Silver Reports – Federal Reserve Chair Janet Yellen said she will step down from its Board of Governors once her successor is sworn into the office, widening the scope for President Donald Trump to shape the U.S. central bank’s leadership for years to come.
Gold Future Path Looks Distinctly Rocky
Gold Silver Reports – Gold Future Path Looks Distinctly Rocky – Gold may be set on a perilous path as central banks withdraw the liquidity punch bowl that has driven stock markets to record highs.
Fed Keeps Rates Unchanged, Remains on Road to December Hike
Gold Silver Reports – The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.
Fed Officials Ponder Slow Inflation With December Hike On Table
Gold Silver Reports – Fed Officials Ponder Slow Inflation With December Hike On Table – Federal Reserve officials said there’s room to be patient in the run-up to their December policy meeting, even as they aired varying degrees of concern over this year’s inflation slowdown.