Spot gold traded at around $4,059 on July 25, extending a decline of more than 27% from its January peak of $5,597, as sticky inflation delays Federal Reserve rate cuts.
Tag: Federal Reserve
Posted inEconomy
Oil Above $100 Pushes Fed Rate-Hike Odds to 38% Before July 29 Meeting
CME FedWatch data shows a 38% probability of a Federal Reserve rate hike next week, up sharply from 12% seven days ago, as crude oil crossing $100 adds to already-elevated US inflation.
Posted inEconomy
US June Retail Sales Rose Just 0.2%, Weakest Gain in Five Months
US retail sales grew only 0.2% in June 2026, the smallest monthly rise in five months, as lower petrol prices dragged on receipts even as core consumer spending held up.
Posted inEconomy
Fed Governor Cook Signals Rate Hike Readiness as US Inflation Hits 3.7%
Fed Governor Lisa Cook warned on July 15 that she is prepared to raise rates if inflation does not ease, with US prices running 3.7% year-on-year — five years above the 2% target.
Posted inMarkets
Softer June CPI Eases Rate-Hike Bets, Lifting Stocks and Gold
US June inflation came in at 3.5% annually with core CPI at 2.6%, pushing the S&P 500 up 0.38% to 7,543 and gold nearly 2% higher to $4,080 an ounce on Tuesday.
Posted inEconomy
Warsh heads to Congress as June CPI data lands minutes before his testimony begins
Fed Chair Kevin Warsh delivers his first semiannual monetary policy address to Congress on July 14–15, with June inflation data scheduled for release just 90 minutes before the House hearing opens.
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inMarkets
Dow closes at record 52,900 as gold tops $4,182 on June payrolls miss
The Dow hit a record 52,900 on 2 July and gold surged to $4,182 as the June jobs miss slashed the odds of a Federal Reserve rate hike at its 29 July meeting.
Posted inEconomy
US payrolls miss at 57,000 in June as participation hits a five-year low
June 2026 payrolls rose by just 57,000, less than half the 113,000 consensus, as US labour force participation fell to 61.5% — its lowest since March 2021.
Posted inEconomy
US economy expanded 2.1% in Q1 2026 but corporate confidence warns of a rougher second half
The Bureau of Economic Analysis confirmed 2.1% annualised GDP growth in the first quarter of 2026 on June 25, a rebound from Q4’s 0.5%, even as CEO surveys signal gathering headwinds ahead.