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Silver prices surged more than 2% to around $60.5 an ounce on Friday, recovering from a two-month low as a softer US dollar and easing oil prices supported the metal, despite lingering concerns over further Federal Reserve rate hikes. Oil prices retreated after a recent rally, following US President Donald Trump’s stat
Gold prices climbed more than 1% to around $4,180 an ounce on Friday, reaching a one-week high as investors weighed a softer US dollar and retreating oil prices against the prospect of further Federal Reserve rate hikes. Oil prices pulled back following a recent rally after US President Donald Trump said Washington wou
Fed Bank of St. Louis President Alberto Musalem said bringing inflation back to the 2% target will require additional monetary policy firming.
Fed's Musalem Says Inflation Is Elevated And Being Driven By Persistent Demand Pressures And Supply Shocks; Key To Bring Inflation Back To 2% In Timely Manner And Limit Second Round Effects; To Bring Inflation Back To Target More Monetary Policy Firming Will Be Required; Goes Into All Meetings With An Open Mind; Curren
Returning Inflation To Target In Timely Manner, Limiting Second Round Effects Is Key - More Monetary Policy Firming Will Be Required To Bring Inflation Back To Target
Fed's Musalem: To bring inflation back to target, more monetary policy firming will be required