Trending Articles- Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gains
- Bitcoin's 2025 Gains Erased: Who Ended the BTC Bull Market?
- Nearly $2 Billion Wiped Out in Crypto Liquidations Amid Brutal Sell-Off
- Gold Price Forecast: XAU/USD declines below $4,050 on USD strength and hawkish Fed comments
- U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?
- Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP report
Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive.
Key quotes
“Inflation progress slows and possibly halts.”
“Strength of consumer spending tied to ongoing job growth.”
“Monetary policy currently restrictive; time will tell if it is "sufficiently" restrictive.”
“Consumers are turning to cheaper goods, but still spending heavily on travel for eclipse viewing.”
Market reaction
The US Dollar Index (DXY) is trading 0.01% higher on the day at 105.95, as of writing.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
