Gold Silver Reports (GSR) – Jerome Powell will likely make headlines Wednesday with an interest-rate hike in his first meeting as Federal Reserve chairman. But look to the fine print for his biggest news.
FOMC
US Fed Goes for 25 bps Rate Hike in Janet Yellen’s last Policy Meeting
Gold Silver Reports – Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.
U.S. Rates Outlook, Meeting Date December 12-13
Gold Silver Reports – Gold is heading for the biggest weekly drop since May as investors anticipate higher U.S. interest rates and progress on tax reform buoys the dollar, deepening a slump for the metal that touched a one-year high as recently as September.
Global Gold Prices Firm ahead of Fed Minutes
Fed Raises Rates, Maintains Forecast for One More Hike
Gold Silver Reports — Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.
Federal Reserve Officials are Widely Expected to Interest-Rate Increase
Gold Silver Reports — Federal Reserve officials are widely expected to announce an interest-rate increase this week amid buoyancy in the stock market and indications the U.S. economy continues to grow steadily, without signaling they anticipate accelerating their pace of policy tightening.
Beyond the expected announcement Wednesday of a quarter-point hike in the U.S. central bank’s benchmark rate target, to a range of 0.75 percent to 1 percent, investors will be looking for whether policy makers change their forecasts for the rest of 2017 and beyond.
FOMC Convenes For The Two-Day Meeting on June 14-15
Gold Silver Reports — Gold prices pared losses during later half on Tuesday as investors contemplated the likelihood that the Federal Reserve would raise interest rates in the coming months.