Overnight Market Review (2022.5.26) The Fed announced the minutes of its meeting overnight. The Fed did not consider a more aggressive tightening pace, bringing hope that the Fed may suspend tightening policy later this year, which blocked the rebound of the dollar and reduced the decline in gold prices. .
Global gold market: Gold prices pared some of their losses on Wednesday after the minutes of the Federal Reserve meeting showed that the Fed will insist on raising interest rates by 0.5 percentage points each at its June and July meetings. Gold futures fell about 1% to close at $1,846.3 an ounce.
U.S. stock futures edged higher in premarket trading on Thursday, as investors’ expectations for aggressive monetary tightening by the Federal Reserve eased. Minutes of the meeting released on Wednesday confirmed that the Fed will raise interest rates by 50 basis points at the next two meetings, but with the housing market and the labor market cooling, the market is betting that the Fed may suspend interest rate hikes later.
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