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Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place. Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates. The bank's 12-member Federal Open Market Committee (FOMC) will begin a two-day meeting on Tuesday and is widely expected to hold rates steady as the effects of US President Donald Trump's war on Iran course through the world's largest economy. Warsh, who was picked by Trump, was sworn in last month and has an ambitious and wide-ranging ... (full story)
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From aljazeera.com|7 hr agoGold has been under pressure since the United States and Israel attacked Iran in late February, launching a months-long war. Prices have fallen from a high of $5,303 per troy ...
From exchangerates.org.uk|11 hr ago|12 commentsGold prices remain under pressure after a steep correction from January's record highs, with rising bond yields and expectations of higher interest rates reducing the appeal of ...
From morningstar.com|14 hr agoSince Feb. 27, the day before the Iran war started, gold prices have tumbled about 18%. That's difficult to square with the widespread belief that gold is a hedge against ...
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- Jun 14, 10:00am | 3 hr ago Posted byFundamental Analysis2,277
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