2024-03-01 19:40:00
© Reuters
Investing.com – Fed member Raphael Bostic made comments that supported increases due to expectations about the future of interest rates.
Most important statements:
- I don’t want to raise rates again
- Grateful for the low inflation rate, but the work is not done yet
- The Fed is now discussing the effectiveness of its policy
- Now is not the time to discuss changing the inflation target
According to recent data published by the Federal Reserve on monetary policy, the US Reserve Bank says that declining demand and improving supply in the labor market will contribute to improving core inflation for services. He said that inflation has slowed significantly, but is still above the Fed’s target.
These expectations ignite gold prices, to see spot contracts rise to the level of $2,084 per ounce, while prices in futures transactions record $2,093 per ounce, an increase of approximately 2%.
This comes with the American falling to the level of 103.872.
Know the fair value of each stock and get pre-made investment stock lists with guaranteed profits, as well as historical and live data and important notes for each stock with the InvestingPro platform. All you have to do is sign up and type the name of the stock to get everything you need. Learn more about the InvestingPro tool here
You can get an additional 10% discount when using the sapro2 coupon with all packages for one or two years with the Pro and Pro Plus tool. To subscribe, click here
If you encounter any problem using the coupon, you can contact support immediately from here
1709329749
#Feds #statements #ignite #markets. #Gold #shoots #record #level #Investing.com