US Fed decision today: US Federal Reserve expected to maintain policy rates and stance. Fed Chair Powell s press conference will be closely watched after the FOMC interest rate decision. Experts divided on rate cut projection for 2024.
US Fed meet begins today: The US Federal Reserve s policy meeting is a key event this week. Inflation remains above 2 per cent, leading to expectations of no rate cut. Experts anticipate the Fed will maintain interest rates due to high inflation and economic concerns.
​Spot gold dipped 0.1% to $2,331.15 per ounce as of 0136 GMT. Prices are down nearly $100 from the all-time high of $2,431.29 scaled on April 12, fuelled by geopolitical turmoil.
The state of the US economy has seized Americans attention as the election season has intensified. Although inflation has slowed sharply, to 3.5 per cent from 9.1 per cent in 2022, prices remain well above their pre-pandemic levels.