Federal Reserve Chair Jerome Powell made clear the U.S. central bank was nowhere near exiting massive supportfor the economy during the ongoing coronavirus pandemic, as officials lefttheir benchmark interest rate unchanged near zero and flagged a moderating U.S. recovery.
Federal Reserve System
Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Inflation
Fed Sees Rates – Stocks erased gains amid a selloff in giant technology companies and Federal Reserve Chairman Jerome Powell’s remarks over an uncertain economic rebound without further stimulus.
FOMC Minutes – Welcomed Improvement In Financial Conditions With Many Market
According to the FOMC minutes, there has been a welcomed improvement in financial conditions with many market functioning indicators returning to pre-pandemic levels and “purchases were conducted at the minimum pace directed” as a result.
Gold Prices Eye Meeting. Will Gold Rise on FOMC Minutes?
Gold Prices After aggressive selling pressure last week, gold prices bounced off the rising trend line from June. Now, XAU/USD has taken out the 100% Fibonacci extension at 1984, exposing the 123.60% level at 2058.
Negative Interest Rates From the US Federal Reserve Any Time Soon – Gold Silver Reports
While joining the chorus of policymakers and analysts, Goldman Sachs also rules out negative interest rates from the US Federal Reserve any time soon in its latest client note.
Gold Stop Loss $1750 – Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Gold Seller Your Stop Loss is $1750 (Hold Sell With Stop Loss) – Fed Chair Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Coronavirus Impact – Wall Street Sinks Again on Fed Warning of Prolonged Recession
Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.