Fed predicts slowing inflation amid gold rise

The Chairman of the U.S. Federal Reserve, Jerome Powell, stated that inflation risks have diminished in recent weeks. However, he pointed out that the central bank still needs to continue its efforts to bring inflation back to its 2% target. He clarified that monetary policy decisions will remain data-driven, with ongoing monitoring of the impact of artificial intelligence on growth and inflation. Additionally, gold prices increased by 2.1% after suffering the worst quarterly performance since 2013, amid continued expectations of interest rate hikes. U.S. industrial data also showed a slowdown in industrial activity, although the sector remains in a state of expansion.

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