Gold increased due to war and PCE news
In fact, the Fed had to double interest rates and could not loosen policy.
Interest rate traders are currently weighing a variety of policy easing measures based on the belief that inflation will ease even as the US economy, especially the labor market, shows a broad recovery.
The Fed could lower its policy rate by another 75 basis points in 2024, but markets think a doubling is possible.
In fact, the Fed had to double interest rates and could not loosen policy.
Interest rate traders are currently weighing a variety of policy easing measures based on the belief that inflation will ease even as the US economy, especially the labor market, shows a broad recovery.
The Fed could lower its policy rate by another 75 basis points in 2024, but markets think a doubling is possible.
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