Fed's Pause in June Doesn't Signal End to Rate Hikes, Despite Strong Jobs Market
TL;DR Summary
Despite a potential pause by the Federal Reserve in June, analysts are not ruling out another rate hike this summer due to the debt-limit deal clearing Congress and the latest employment report coming in strong. Markets are pricing in a 70% chance of a rate pause at the June meeting. The gold market is at risk of another move lower before the bullish trend can resume, with analysts suggesting a pullback to the $1,926-$1,881 area. However, gold is trading above the $1,970 an ounce level despite some of the more significant risks dissipating, and the underlying move towards safety is keeping gold at the upper $1,900s range.
- Fed pause in June does not mean rate hikes are over, and gold price is taking a hit - analysts Kitco NEWS
- Fed Will Skip Rate Hike in June and May Unemployment Rate Shows Why TheStreet
- The job market held up in May. But the Fed may have already decided to pause CNN
- Hot jobs market piles pressure on Federal Reserve to raise rates later this summer Financial Times
- US Jobs Market Flouts Fed Rate Hikes Bloomberg Television
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