The Fed is divided on how fast to cut rates. The recap of its last big meeting may give us the inside scoop

Investor optimism for additional interest-rate cuts powered both gold and U.S. stocks to fresh records on Monday. Gold futures surged 1.7% to $3,948.50 a troy ounce, nearing the psychologically important $4,000 threshold, after first trading above the $3,000 mark in March. The value of the precious metal has ballooned by 50% this year. The bullion’s ...

Gold futures surged again Monday, pushing ever closer to the psychologically important $4,000/oz threshold just seven months after first trading above the $3,000 mark, as expectations for lower interest rates in the U.S. as well as political uncertainty in the U.S. and Europe drove safe-haven demand higher. Gold's rally comes as the U.S. federal government ...

KC FED'S SCHMID/CFA KANSAS: FOMC 'MUST BE FORWARD LOOKING;' INFLATION IS 'TOO HIGH;' NOTABLE THAT PRICES FOR DURABLE GOODS RISING #Schmid #FederalReserve #economy The Federal Reserve, Economic Outlook and Monetary Policy Welcome to the Kansas City Fed. Thank you for the invitation to speak with you today. I look forward to our discussion. Before turning to the outlook for the economy and monetary policy, I would like to take a moment to call your attention to the wide range of activities taking place in this building. Our role in monetary policy gets a lot of attention, and I will get to that, but the Federal Reserve System, and the Kansas City Fed within that system, has a much broader set of responsibilities than monetary policy alone. The staff that fill this building play varied and essential roles in maintaining the safety and efficiency of the nation’s financial system. I will briefly review three of these functions: FED’S SCHMID – SAYS MONITORING ALTERNATIVE LABOR MARKET AND PRICE DATA CLOSELY; EXPECTS TARIFFS TO HAVE MUTED EFFECT ON INFLATION ... Fed’s Schmid – Says Monetary Policy Remains Only Slightly Restrictive Fed’s Schmid – Warns That Aggressively Boosting Demand Could Trigger Larger Price Increases