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Understanding the Federal Reserve’s decision
Examining the ‘skip’ and Powell’s explanation. Heading into the Federal Reserve’s latest decision many pondered whether the decision would be a pause, a skip, or a hold on rates. While the announcement appeared to be a skip, Fed Chair Powell cautioned against labeling it as such. This article aims to uncover the reasons behind Powell’s statement and delve into the key factors influencing the Fed’s stance. By examining data points like Core PCE and the labor market, we can better understand the implications for yields, USD, and the precious metal market, particularly gold. Additionally, we explore how this ... (full story)