This week the Federal Reserve addressed revisions to its current monetary policy in its attempt to reduce the current levels of inflation to an acceptable target.
The release of the Federal Reserve’s FOMC statement, coupled with Chairman Powell’s press conference, resulted in a major rally in U.S.
Yesterday market participants had 24 hours to digest the information presented by the Federal Reserve through the May FOMC statement and comments from Chairman Powell during the press conference.
Yesterday yields on the 10-year Treasury Note advanced to 3.043%, and 30-year Treasury bonds gained 17 basis points yielding 3.176%.
As of 6 PM EDT gold futures basis, the most active June 2021 contract is currently up to $7.10 or 0.38% and fixed at $1882.80.