Fed Chairman Jerome Powell is scheduled to speak Wednesday after the Fed ends its two-day meeting.
Currency Markets
Currency Markets
Trump – Attack Via Tweets Comes Week Before Fed Meets on Policy
Gold Silver Reports (GSR) – “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the U.S. central bank a week before it meets in Washington to discuss monetary policy.
US Trade Talks with China have Stalled – Gold Silver Reports
Negotiations between the U.S. and China appear to have stalled as both sides dig in after disagreements earlier this month.
Draghi: The Governing Council stands ready to adjust all of its instruments
Draghi: The Governing Council stands ready to adjust all of its instruments to ensure that inflation continues to move towards the inflation aim
Rupee Trades Higher Against US Dollar
Gold Silver Reports (GSR) – Indian rupee along with Asian currencies on Thursday strengthened as dollar held steady amid optimism about improvements in the China-US trade relations.
As An Inflation Hedge, Copper’s Better than Gold
For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset.
Fed Set to Raise Rates Again, other Central Banks Sound Ready to End the Easy Money, too
Fed Set to Raise Rates Again
✅ Draghi’s comments come ahead of the Fed’s two-day meeting and anticipated rate hike Wednesday, but they also come as the Bank of Japan sounds slightly less dovish and other central banks raise their interest rates.