No interest rate hike in near future

No interest rate hike in near future

The desperate market pundits are just hunting for a reason, which will lead to an increase in the interest rates by the Federal Reserve.  The gold prices increased in the United States’ market recently and this is going to discourage the central bank to raise interest rates in the near future. The US central bank may postpone its plan to go ahead with a rate hike.

 The unemployment rate is lowest since last seven year. The job growth has increased and pushed it at the seven year low of 5.4 percent. The market was expecting that this will keep the central bank on its way to raise interest by the end of current financial year.  The latest data indicates that only 85,000 jobs have been added, the lowest number since June 2012.  The economy is giving mixed signals to the Treasury department. The better number during earlier period of the current fiscal led to a speculation that interest rates will boosted in June, after policy meeting is concluded.
 
But now experts believe that the Federal Reserve will consider increasing them by the end of this year.  The rate of gold was increased b y 0.3 percent and reached at $1,187.52 an ounce. The United States Gold Futures have projected sharp increase of $6.70 per ounce. The U.S. bonds returns are better investment than gold as the metal doesn’t pay any interest.  Precious Metals Strategist George Gero from the New York based RBC Capital informed that the effects of job report will be temporary. There are no clear sign of interest rate hikes as of now, he added.


 

What's New?The latest

Amber Heard donates $7 million settlement to charity

Amber Heard donates $7 million settlement to charity

Amber Heard’s divorce ordeal might have been painful for Johnny Depp and Amber but it was the complete opposite for two charity organizations that will receive the settlement money. The two organizations that she is sending the donations to are the American Civil Liberties Union, to aid in the…

CONTINUE READING

Are there pitfalls to online banking?

Are there pitfalls to online banking?

With easy access to the internet, anyone can have access to a multitude of things – we can get quick advice or more information of things, buy and sell things online, limitless choice of entertainment and even banking services, all at the tip of your fingers! It is all cyberspace, after all,…

CONTINUE READING

How to become a millionaire?

How to become a millionaire?

We all want to be rich some of us do not aspire to be a millionaire, but simply rich enough so they can live comfortably. And on the other hand you have those whose only goal in life is to become a millionaire, which is okay in case you don’t have any other dreams or aspirations. So if you…

CONTINUE READING