The last meeting of the Federal Reserve System this year is scheduled for December 18-19, and world investors expect that, based on its results, the base rate will be raised to 2.25% -2.5% per annum. However, the main intrigue remains the number of rate increases next year. Some experts predict a decrease in their number to 2 or one increase, but there are also those who believe that the Fed is implementing its plan to raise the rate 3 times in 2019. In the event of a Fed easing, the dollar will decline and the price of gold will rise. On Friday, gold fell by $2 to $1,245, 40 cents per troy ounce.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...