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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (153968)6/14/2023 9:42:43 AM
From: Goose94Read Replies (1) of 203329
 
Gold: BUY Physical. It’s decision day for U.S. Federal Reserve Chair Jay Powell & Co., where the Fed is widely expected to hit the pause button on its aggressive rate hiking cycle after 10 straight increases. The swaps market has the Fed down to maintain its target range for the benchmark rate at five to 5.25 per cent at today’s meeting as it assesses how the economy is digesting 500 basis points worth of hikes over the last year or so, aimed at stamping down sky-high inflation. On that note, inflation south of the border has been moderating – four per cent year-over-year in May – but that’s still twice the central bank’s target range. And while that headline number is declining, it’s still a somewhat complicated picture – yesterday’s inflation print was in no small part driven by so-called base effects (basically, inflation slowing from a very hot pace a year ago) and declining energy prices, rather than a broad easing of price pressures. In any case, we’ll bring you full coverage including Powell’s press conference, all starting from 1400ET

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