Fed rate hike jolts markets
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Gold rose on Thursday as investors digested the Fed's rate hike and its signal for further policy tightening, while an earlier rally in oil lost momentum.
The Fed hiked rates by a quarter point at the September meeting. Inflation is a top priority, Warsh said.
By Ashitha Shivaprasad Sept 17 (Reuters) - Gold prices rose more than 1% on Thursday as investors digested the U.S. Federal Reserve's interest rate hike and its signal that further policy tightening may follow,
Investors are treating a rate hike today like a foregone conclusion. Here's what's in focus for stock, oil, and bond yields going forward.
Patrice Onwuka, VP of economic policy at the Independent Women's Forum, discusses the Federal Reserve's upcoming interest rate decision. She analyzes the potential economic impact of a rate hike and President Trump's call for lower rates.