(Kitco News) – Gold prices trimmed daily losses after Federal Reserve’s May meeting minutes signaled a rate hike in June. The minutes showed that most Federal Reserve policymakers viewed another interest rate hike as being warranted “soon,” if the U.S. economic outlook holds up. “Most participants judged that if incoming information broadly confirmed their current […]
Federal Reserve officials would be content to let inflation briefly run above their 2 percent target as the economy continues to recover, according to minutes from the central bank’s most recent meeting. Following the May 1-2 session, the policymaking Federal Open Market Committee said it wasn’t raising rates yet but added the word “symmetric” to […]
Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid April. The digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET, according to data from CoinDesk. All other major cryptocurrencies were also in the red despite bullish calls that prices would skyrocket after […]
Federal Reserve President Neel Kashkari is speaking on the state of the economy, trade and labor markets before the Williston Basin Petroleum Conference in Bismark, North Dakota on Wednesday. Kashkari’s comments came as investors digested the latest meeting minutes from the Fed’s policymaking committee. Currently a non-voting Fed member, Kashkari has historically been dovish when […]
Banks haven’t joined in the recent M&A activity in recent years. But, a bank deal announced this week may signal that’s about to change, the Financial Times reports.