Latest Market Updates
Senate Democrats and Republicans agreed on a deal to reduce automatic spending cuts and provide $23 billion in deficit reduction over a period of two years. While the potential for another government shutdown had little impact on markets leading up to last night’s deal, analysts are noting Wednesday that at a minimum, it equates to one more unstable element taken away from a market place.
Meanwhile, markets are looking ahead to next week’s meeting of the Federal Reserve amid continued speculation over when Fed policymakers will attempt to curb its monthly bond-purchase program. Several Fed officials have gone on record in recent weeks in support of a December taper. In addition, recent upbeat U.S. economic data, including a stronger-than-expected U.S. jobs report last Friday, have prompted speculation that the Fed might move up its timeline for tapering.
Federal Reserve officials are scheduled to meet December 17-18 to review economic data and assess policy.
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Market Updates Archive
Merit Gold News Network
Gold prices came under pressure today, but held within striking range of Monday's three-week high. Stocks posted their biggest one-day drop in a month on news of a provisional budget deal out of Washington, which raises the chance for the Fed to announce a ...watch more
Gold Standard with Brian Baker
Check out today's show for our latest interview with Mike Getlin, EVP of Merit Gold. Mike and Brian discuss this week's sharp rally in the gold market, next week's Fed meeting, and why one analyst says the U.S. central bank will NEVER completely exit the ma...watch more
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