Gold Slips as Traders Assess Fading US Interest Rate Cut Outlook
From finance.yahoo.com
Gold slipped amid dwindling expectations that the Federal Reserve will cut interest rates until a backlog of data provides a clearer picture of the world’s biggest economy. A faction of Fed policymakers has stepped up warnings that inflation progress could slow or stall, casting doubt over the prospects for another rate cut in December. Meanwhile, Fed Governor Christopher Waller repeated his view that the central bank should again lower interest rates when policymakers meet next month citing a weak labor market and monetary policy that is hurting low- and middle-income consumers. Lower interest rates typically make ...
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