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FED Rate: Unchanged between 5.25% and 5.50%


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#1 Rogerdodger

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Posted 01 November 2023 - 02:20 PM

The gold market remains under pressure as the Federal Reserve leaves interest rates unchanged and provides little forward guidance on its monetary policy.

As expected, the U.S. central bank left the Fed Funds rate in a range between 5.25% and 5.50% as struck and optimistic tone on the U.S. economy even as it continues to expect to see some weakness.

“Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low,” the Federal Reserve said in its monetary policy statement.



#2 qqqqtrdr

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Posted 01 November 2023 - 04:34 PM

Listened to the speech.   Rate hikes are still on the table in a wait and see fashion.   There is no indication of cutting rates anytime soon.   Fed mentioned higher long term rates has put significant pressure on demand so there is no reason to pursue higher rates until long term rates stabilize. 



#3 Rogerdodger

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Posted 01 November 2023 - 05:17 PM

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