Wall Street

Gold Held Its Ground Despite The Exceptionally Hawkish FOMC

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Last week, the Fed provided the steepest rate hike in three decades. Although it was an extremely hawkish move, gold prices… increased! The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. Q1 2022 hedge fund letters, conferences and more The hike followed a 50-basis point move in May and a 25-basis point liftoff in March. It was the …

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