The Fed Is Stuck Between a Rock and a Hard Place
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Local news from StateCollege.com and Centre County Partners. Read about The Fed Is Stuck Between a Rock and a Hard Place and more from the State College, PA region
The price of gold continues to defend the November low ($1759) ahead of the Federal Reserve rate decision as it bounces back from a fresh weekly low ($1767).
The US Dollar Index (DXY) may reestablish an upward trend following the Federal Reserve interest rate decision as it appears to be trading within a bull flag formation.
The Fed will release a statement at the end of its two-day meeting on Wednesday, when it is expected to announce the start of tapering its bond-buying programme
(Bloomberg) -- The stock market had its best day since March as better-than-estimated corporate earnings and economic reports outweighed fears that inflation pressures and supply-chain snarls could crimp growth. All major groups in the S&P 500 advanced. The KBW Bank Index -- which has surged almost 40% in 2021 -- pushed higher as results from some of the largest financial institutions beat Wall Street’s estimates. UnitedHealth Group Inc. led gains in the Dow Jones Industrial Average as the health-care giant raised its outlook for the year, while chipmakers climbed on a bullish forecast from ...