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2024
December
18
📰 SPOT GOLD FALLS 1% TO $2618.47/OZ
News
📰 SPOT GOLD FALLS 1% TO $2618.47/OZ
December 18, 2024
Frank
SPOT GOLD FALLS 1% TO $2618.47/OZ
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📰 JUST IN – Federal Reserve cuts interest rates by 0.25% to 4.50%
📰 FED STATEMENT CHANGE QUESTIONS PACE OF MORE CUTS A change in the Fed’s policy statement from its most recent perspective in November hints at questions inside the central bank over the timing of future interest-rate cuts. The new statement says: “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.” That updates previous language that only referred to “considering additional adjustments to the target range,” without discussing “extent and timing,” alluding to uncertainty over whether the central bank will continue with another rate at its January meeting or take a pause.
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