Fed official: The US has no reason to lower interest rates in the near future

Detailed Summary

The President of the Cleveland Fed branch said she does not see a need to adjust the US base interest rate in the coming months, after the Fed has continuously cut interest rates in three recent meetings. Gold prices increased on the afternoon of December 17 thanks to the prospect of the Fed loosening monetary policy. The Fed lowered interest rates for the third time in a row. Be careful with expectations that the Fed will lower interest rates for the third time: Forecasts for 2026 will be full of unpredictable fluctuations.