Fed raises federal funds target range for first time since July 2023
The Fed increased the target range for the federal funds rate by 25 basis points in support of its dual mandate.
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How Did Gold Perform After Fed Hikes? The Result Will Surprise You
The Federal Reserve is widely expected to raise interest rates Wednesday for the first time since 2023. The textbook says that it is bad news for gold, an asset that pays no income and competes directly with interest rates. That is the theory. History refuses to follow it. Over 10 Federal Reserve hiking cycles since 19