Gold Shines, Surging 1.7% After Fed Rate Cut Gold prices surged over 1.7% after the Federal Reserve delivered a widely anticipated 25 basis point interest rate cut. While the market had largely priced in this move, the Fed’s acknowledgment of economic uncertainty and balanced risks bolstered
Federal Reserve
Federal Reserve Chair Jerome Powell’s recent testimony before the House Financial Services Committee and the Senate Banking Committee was closely watched by investors, economists, and policymakers. As the U.S. economy faces a delicate balancing act between inflation, employment, and financial stability, Powell’s remarks offer critical insights. In this comprehensive
The minutes of the latest Federal Reserve’s monetary policy meeting as well as inflation data attracted most attention across trading markets for the week. The US dollar closed last week’s trading in an upward direction on the back of signals as well as messages included in FOMC Minutes for May’s meeting that was concluded on […]