Fed to lift rates by 50 basis points, but peak policy rate may be higher – Reuters poll
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
“The Federal Reserve will downshift in December to deliver 50 basis-points (bps) interest rate hike, but economists polled by Reuters say a longer period of US central bank tightening and a higher policy rate peak are the greatest risks to the current outlook,” stated the latest survey.
The survey details could be considered responsible for the latest rebound in the US Dollar, which in turn appeared responsible for the latest weakness in the Gold price.
Also read: Gold Price Forecast: XAUUSD eyes first weekly loss in three on hawkish Federal Reserve speakers, risk aversion
[/s2If]
Join Our Telegram Group
