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Tag: fed minutes

Gold Soars and Stock Futures Plunge over Fed Minutes

Madrid (July 10) Gold prices jumped sharply on Thursday for a second straight day of gains, while stock futures tumbled as the reality of the Federal Reserve’s end to its bond-buying program began to gel with investors. At last check, gold for August delivery GCQ4 +1.49% was up $17.70, or 1.3%, to $1,341.60 an ounce. September silver SIU4 +2.31% added 50 cents, or 2.4%, to $21.54 an ounce. A[...]

El-Erian: Fed’s Easy Money Policy Is ‘All-In Bet’ – Moneynews

Tuesday, 08 Jul 2014 01:45 PM By Dan Weil via Moneynews The Federal Reserve's continuation of a highly accommodative policy represents an "all-in bet" by Fed Chair Janet Yellen that the easing will bring economic growth before the policy reaches the point of causing financial instability, says former Pimco Co-CEO Mohamed El-Erian. The Fed is expected to leave its federal funds rate target at a[...]