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The Federal Reserve said Wednesday that it would keep the benchmark interest rate at its current range of 1.5%-1.75%, a widely expected decision that ends the Fed’s rate-cutting streak.
Breaking News: Markets
A 15% tariff on a total of $112 billion of Chinese goods are set to go into effect at midnight
Tariffs on $112 billion of Chinese goods are set to go into effect at midnight ET. While some duties have been delayed and some items have been removed from the original list of $300 billion Chinese imports, many everyday grocery items and household staples will still be targeted beginning Sunday, according to an official list that spans 122 pages.
Breaking News – LIVE: Boris Johnson Wins Race to Become Next PM – Gold Silver Reports
Boris Johnson, one of the biggest voices in the Brexit movement, won the Conservative Party leadership race on Tuesday and will become the U.K.’s next prime minister.
Mnuchin says US-China Trade Deal is 90 Percent Done – Gold Silver Reports
Gold Silver Reports (GSR) – Treasury Secretary Steven Mnuchin said Wednesday that the U.S. and China are inching closer to finalize a long-awaited trade deal.
The Federal Reserve’s Interest Rates will be Decided Today in the US
Gold Silver Reports (GSR) – In the US today, the Federal Reserve will decide on interest rates and before that the move of gold has narrowed down to a small extent. The eye of the market rests on the decision of this meeting. Meanwhile, there is news from the United States about the trade war with China. US President Donald Trump has expressed hope of a reconciliation between the two countries.
Fed Minutes: No Rate Moves are Coming ‘for Some Time’ Even if the Economy Improves
Gold Silver Reports (GSR) – Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.
Gold Miner Enters into a Prepayment Deal with Citigroup
Sibanye Gold Ltd. raised $125 million by selling future gold production, the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.
Fed Hikes Rate, Lowers 2019 Projection to 2 Increases
Gold Silve Reports (GSR) – As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25 percent to 2.5 percent.
Federal Reserve will Meet this Week to Talk Monetary Policy
Gold Silver Reports (GSR ) – That has drawn the ire of major critic Dr. Ron Paul, former Texas congressman and advocate of smaller government, free trade and freer markets.
Goldman Sounds the China Alarm and Cuts Metals Outlook
Goldman Sachs Group Inc. chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum.