Changing expectations of the Fed’s forward guidance pressure gold lower
Changing expectations of the Fed's forward guidance pressure gold lower The Federal Reserve first spoke about its forward guidance at last year’s Jackson Hole Economic Symposium. Specifically, it was Chairman Powell’s keynote speech that delivered the blow to the American public about its intent to raise rates and keep those elevated rates in place until the Fed hits its 2% inflation target. After the December FOMC meeting the Federal Reserve released its economic projections for 2023 – 2025 including the…