Gold prices settled higher on Wednesday, then seesawed -- moving higher, then lower in electronic trading after the Federal Reserve announced the biggest interest-rate hike in nearly 30 years. Fed officials lifted the fed funds rate by 75 basis points to the 1.5% to 1.75% range. August gold was last at $1,818.50 an ounce in electronic trading shortly after the announcement. That follows a settlement of $1,819.60, up $6.10, or 0.3%, for Wednesday’s session. Market Pulse Stories are Rapid-fire,...
www.marketwatch.comCentral bankers had signaled that they would raise rates by half a point if data shaped up as expected. Inflation is instead running hotter.
@nytimesFed officials revised their views significantly since the March meeting but still seem optimistic about the chances of a soft-landing. | Economy
BreitbartThe Federal Reserve on Wednesday makes its much-anticipated move with interest rates.
www.marketwatch.comYesterday, the Fed announced its third interest rate hike this year. What does that mean if you're looking to refinance a home?
CNETSoaring inflation, which pushed the Fed into hiking its benchmark rate, is finally having an effect on the return savers stand to get on their money
CNBCSee how the Fed's recent announcement of another interest rate hike could affect your mortgage payments.
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