US central bank officials were cautious about raising interest rates too soon showed in US Federal Reserve’s, it is hurting the dollar.
IMPORTANT FOR DOLLAR/EURO/BULLION/ALL INDICES. The Dollar currecny in the base currecny in the world so that the data is important for whole market.
According to today's data:
Fed policy makers expressed concern in January that raising rates too soon could pour cold water on the US economic recovery, and fretted over the effect of dropping "patient" from the central bank’s rate guidance. The minutes from the Fed’s January 27-28 policy-setting meeting, released on Wednesday, show officials grappling to square solid US economic growth with the weakness in international markets, as well as worrying about falling inflation expectations in the US.
Gold had come under pressure in recent months from the expectation the Fed will raise interest rates as early as June, potentially lifting the dollar and hurting noninterest-yielding assets like bullion.
In Comex gold futures rose by 1.2% today cmp @1215$. Gold trading +1.2% on Wednesday, after dropping to a six-week low of $1,197.56 earlier in the session.
About Federal Open Market Committee (FOMC) meeting :
It is scheduled 8 times per year, after 3 weeks the Federal Funds Rate is announced.
The Meeting is very important for the whole world economy. It's a detailed record of the FOMC's most recent meeting, in the meeting they are providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rate.
Effect: More hawkish than expected = Good for currency
2022(1)
