Gold futures held near $4,408 per ounce on August 13 after two consecutive months of cooling US inflation reduced the probability of a Federal Reserve rate hike in September to around 34%.
Tag: Federal Reserve
Posted inEconomy
US Inflation Holds at 3.4% in July as Energy Costs Drive Real Wages Negative
The July CPI rose 0.1% monthly and 3.4% annually, keeping inflation above the Fed’s 2% target and eroding real wages for a fourth consecutive month.
Posted inEconomy
US Inflation Falls Below 3% for First Time Since 2021
July 2026 US CPI came in at 2.9% year-over-year — the first sub-3% reading since 2021 — strengthening the case for a Federal Reserve rate cut at the September meeting.
Posted inMarkets
Gold Climbs 2.1% to $4,342 as US Jobs Shock Revives Rate-Cut Bets
Spot gold rose 2.1% to $4,342 on Friday after US payrolls fell 23,000 in July, reviving rate-cut bets and lifting the metal from a three-month low.
Posted inEconomy
US Economy Sheds 23,000 Jobs in July, First Drop in Months
American employers shed 23,000 nonfarm payroll jobs in July, the Bureau of Labor Statistics reported on August 7, 2026, sharply missing forecasts and marking the first monthly payroll decline of the year.
Posted inEconomy
US Economy Grew 1.5% in Q2, Missing Forecasts as Government Spending Fell
US real GDP grew at a 1.5% annualised rate in the second quarter of 2026, the Bureau of Economic Analysis reported on July 30, missing the 2.1% consensus forecast and slowing from Q1’s matching pace, though private domestic demand accelerated sharply.
Posted inEconomy
Fed Holds Rates Steady as Three Officials Dissent for First Time Since 2016
The Federal Reserve voted 9-3 to keep rates at 3.5–3.75% for a fifth straight meeting, with three regional presidents voting to hike in the first such triple dissent since 2016.
Posted inMarkets
Gold Holds Bear Market Territory, Down 27% from January’s Record High
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.
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.