Gold prices remained above $4,000 an ounce as investors awaited the Federal Reserve's announcement. While a pause is the consensus for the October meeting, Seema Shah of Principal Asset Management expects the bank to implement rate hikes in December and again in 2027 to combat inflation driven by energy costs.
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Fed Expected to Hold Interest Rates Steady at October Meeting
US Markets11 hours ago
Traders anticipate that policymakers will keep borrowing costs unchanged when the central bank meets this week. The outlook for inflation remains complicated by rising energy expenses, with Brent crude settling near $116 a barrel, which has increased pressure on household budgets.
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