Judging by a key speech he delivered last week, the market believes it has a Federal Reserve chairman who will take a more measured pace when it comes to interest rates.
Rate Hikes
The Rate Hikes Keep Coming – Neal Bhai Reports
Gold Silver Reports (GSR) – Jackson Hole came and went with little reason to believe the Federal Reserve will do anything other than raise interest rates in September and again in December of this year.
Gold Is Heading to $1400 If Trade War Breaks Out
Gold Silver Reports (GSR) – Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the threedecade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchangetraded fund-holdings are around the highest in half a decade.
Powell Jumps in Driver’s Seat as Fed Weighs Speed of Rate Hikes
Gold Silver Reports – The tougher job for the Federal Reserve’s new chairman as he presides over his first gathering of the central bank’s policy-setting committee is deciding what to do next.
US: Fed’s Powell suggests bias for rate hikes – ING
Gold Silver Reports- US: Fed’s Powell suggests bias for rate hikes – ING — James Knightley, Chief International Economist at ING, hold the view that the Fed Chair Jerome Powell’s prepared text of the Congressional testimony hinted towards upside risks for interest rates and thus, anticipates four rate hikes this year.