Federal Reserve delivers 25 bps rate cut, first for 2025 

Federal Reserve delivers 25 bps rate cut,

Federal Reserve 2025: The United States Federal Reserve (Fed) announced a 25 bps interest rate cut to its benchmark rate, pushing the US Dollar down across the FX board.  The Summary of Economic Projections (SEP) still shows two more interest rate cuts for 2025, meeting the market’s expectations.

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Gold Slips Ahead of FOMC Decision

Gold Slips Ahead of FOMC Decision

FOMC Decision: Gold (XAU/USD) fell to around $3,680 per ounce on Wednesday, likely on profit-taking after the metal notched a fresh record in the previous session and tested the $3,700 milestone.

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