Economy / Finance

Gold Breaks New All-Time High in Asia at $2220


Gold Breaks $2220, New All Time High in Asia Today’s activity was noteworthy and worth a recap. Moreso given the market behavior upon reopen during Asian hours just now. Contents: FOMC Meeting Summary Breakdown of Events Market Reactions 1- FOMC Meeting Summary The Fed, in summary communicated: The inflation spike was “Not terrible” and seasonal. The Dot plot changes were not indicative of a hawkish trending change QT will be slowed down (making way for QE if needed we speculate) 2- Breakdown of Events Rates: Powell left rates unchanged as was expected at 5.25 to 5.50% Dot Plot: Revealed on…

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