Tag: rate hike

PRECIOUS-Gold slips to 4-week low on Fed rate hike expectations

Reuters – LONDON, March 7, 2017 Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week. The precious metal has fallen in five out of the last six sessions as expectations for the Federal Reserve to push ahead with a U.S. rate increase this month ramped up. Spot gold was down 0.7 percent at $1,216.95 an ounce at 1445 GMT, having earlier touched its lowest since Feb. 3 at $1,216.19 an ounce. U.S. gold futures for April delivery were down $8.00 an ounce at $1,217.50. […]

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Fed Chair Janet Yellen is scheduled to hold a press conference at EST 2:30 PM on Thursday to elaborate on the economic outlook and policy statement.

| December 14, 2016 | Category: Economy
Fed Chair Janet Yellen is scheduled to hold a press conference at EST 2:30 PM on Thursday to elaborate on the economic outlook and policy statement.

The Federal Reserve will inaugurate the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook.  Fed officials have long hoped that other government policies would take the place of monetary engineering, which some believe may have lost its effectiveness in lifting economic growth. They have warned in recent weeks that any new government spending should specifically be designed to boost productivity in an economy that is already near full employment and facing a high public debt burden. As possible rate hike is already on card we see […]

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