FOMC INTEREST RATE DECISION KEY POINTS The Fed hit the pause button at its September meeting, holding interest rates at a 22-year high of 5.25% to 5.50%. Policymakers upgraded their GDP outlook and reduced the core PCE projection for the year. Meanwhile, the dot-plot continued to signal another hike in 2023. Gold and the U.S.
FOMC DECISION KEY POINTS The Federal Reverse voted to raise interest rates by 25 basis points to 5.25%-5.50%, the highest level in 22 years The decision to resume the tightening campaign was widely expected by market participants Gold and the U.S. dollar go separate ways following the central bank’s decision ahead of Powell’s press conference
