Fed Rate Hike — FXPAYBACK

FOMC minutes: will the Fed hike again and what it means for gold

Will the Fed Hike Again? What the FOMC Minutes Mean for Gold

Leave a Comment / Blog / Hamid Ul Hassan

Yes, the Fed is leaning toward another hike. Minutes of the September 15–16 meeting, released October 7, show most officials think one more rate increase will likely be needed by year end. That pushed the dollar up and gold briefly below $4,100, a two-month low, because higher rates make non-yielding gold less attractive.

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Did Cooler PCE Just Kill the October Fed Rate Hike?

Not dead, but badly wounded. August core PCE rose just 0.2% on the month and 3.0% on the year, below the 3.3% forecast. Add the weakest consumer confidence since 2014, and markets now price an October hike at roughly a coin flip or less, down from about 71% a week ago.