Fed Emergency Meeting on Rate: US Central Bank Federal Reserve is conducting an emergency meeting on 14 February 2022. A statement on Federal Reserve website said ‘It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, February 14, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th Street and C Streets, N.W., Washington, D.C.’
Meeting listed following items of official Board business are tentatively scheduled to be considered at that meeting. According to statement Fed to decide on ‘ Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board’s Freedom of Information and Public Affairs Offices and on the Board’s Web site following the closed meeting.’
Inflation in USA hits a record 40 years high. The U.S. inflation in the month of January rose by 0.6% against an expected increase of 0.4% while on yearly basis it was increased by 7.5% against an expected increase of 7.2%. The U.S. inflation hit its highest levels since February 1982. Now market is expecting rate hike from Federal Reserve.
Gold, Silver Price 11 Feb 2022
This move dragged gold and silver prices on COMEX. Gold price reached 1824 dollar level down by 12.90 dollar. Silver prices also down 0.542 cent and reached to 22.98 dollar. Rate hike decision will impact gold and silver price negatively. Prices of gold and silver will go down.
Note: If you want news of Gold and Silver price on your mobile write ‘Gold News Update’ and send it on whatsapp no 8448469588
Earlia Jim Bullard, President and CEO of the Federal Reserve Bank of St. Louis said The Federal Reserve should launch an aggressive interest rate hike campaign with a cumulative 100 basis points in increases by July 1,2022. He said that in the past the Fed would have had a meeting after such a report and raised rates right away. He said he said the Fed should consider such a strategy.
Disclaimer: This article is written for informational purposes only. This is the opinion of the expert. If you make any investment, first take the advice of your financial advisor. Individuals associated with Gold Price Today do not personally buy, sell or trade gold/silver. Gold Price Today will not be responsible for any loss caused to you.
