Powell:
We’re Prepared to Raise Rates Further if Appropriate
- We Intend to Hold Rates at Restrictive
Level Untill Confident Inflation’s Moving Sustainably Down to 2%
- Fed’s Powell: Fed Will
Proceed ‘Carefully’ When Deciding to Hike Again or Hold Steady Fed’s Powell:
Economic Uncertainty Calls for ‘Agile’ MonPol Making Fed’s Powell: Fed Will
Decide Next Rate Moves Based on Data
- Fed’s Powell: Two Months of Good Data
Are Only the Beginning of What We Need to Build Confidence on Inflation Path
Fed’s Powell: Policy Restrictive, but Fed Can’t Be Certain What Neutral Rate
Level Is Fed’s Powell: Signs Job Market Not Cooling Could Also Warrant More Fed
Action
- Fed Clearly say Trade very carefully but interest rate will remain high only
- Interest rate will get higher till the time 2% inflation target not achieved except Data's are good to make a pause or delay for the same.
Effect:
- Gold & Silver both remain Downside only.
- Interest rate will move high, US Dollar will make stronger, Dollar Index also move upside only.
This goes absolutely negative for Bullion without any doubts
this will make Dollar index very very positive