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Day: December 19, 2018

Powell says he doesn’t see Fed changing its strategy for shrinking the balance sheet

As the future path of interest hikes gets cloudier, Federal Reserve Chairman Jerome Powell said the balance sheet reduction program will continue to proceed as planned. The Fed currently is allowing $50 billion a month to run off the balance sheet, which is largely a portfolio of bonds the central bank purchased to stimulate the …

Powell says he doesn’t see Fed changing its strategy for shrinking the balance sheetRead More

Here’s how Fed rate hike will impact you: By Thursday, banks will have adjusted prime rates higher

With the Federal Reserve’s latest quarter-point interest rate increase (and still more likely to come), few consumers are left unscathed. The decision affects rates on all kinds of borrowing, from home mortgages to credit cards. Despite pressure from President Donald Trump and members of his administration, the Fed made its ninth hike in three years …

Here’s how Fed rate hike will impact you: By Thursday, banks will have adjusted prime rates higherRead More

Gold Continues to Shine as Fed Decision Looms

As we mentioned the possibility in our week ahead report on Friday, gold has indeed broken further higher. The safe-haven asset has been supported by (1) continued weakness in the dollar and (2) raised volatility in the stock markets, ahead of the Federal Reserve’s much-anticipated rate decision later on. Gold, like many other buck-denominated assets, …

Gold Continues to Shine as Fed Decision LoomsRead More