At the press conference, based on strong economic data, Walsh refused to characterize the current financial conditions as “tight,” and was interpreted by the market as still requiring further interest rate hikes, but the extent is expected to be limited. For some traders, Walsh's statement was not hawkish enough. The two-year US Treasury yield, which is more sensitive to the Federal Reserve's policy, fell 4 basis points to 4.7%, while long-term yields rose slightly. Gold fluctuated and rebounded yesterday. However, considering the limited information released by the Federal Reserve and the overall lackluster attitude, gold rebounded and then fell again, and is still in the midst of a volatile market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.