Overview of the Fed’s Rate Hike Decision In March 2023, the Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first rate hike in several years. This decision was made in response to increasing inflationary pressures and the need to maintain a stable economic environment. The Economic Context Leading Up to […]
Gold prices fell in trading on Thursday, with the stability of high-risk assets, but the precious metal is still heading towards achieving a second consecutive weekly gain, driven by the safe haven demand caused by the Ukrainian crisis and the expansion of inflationary pressures. On Wednesday, gold prices ended higher, for the fifth consecutive session, […]
Sterling falls against the euro following the release of ECB minutes. Sterling fell against a stronger euro on Thursday, as the minutes of the European Central Bank’s March meeting were more hawkish than expected. At their March 10 meeting, ECB policymakers appeared eager to reduce stimulus, arguing that conditions for raising rates had either been […]