The Fed Just Raised Interest Rates to 4%. Here’s What It Means for Gold and the Economy
The Federal Reserve just raised interest rates from 3.75% to 4%, a quarter-point increase that was pretty much in line with what the market anticipated. The result was announced at 2 p.m. By 4 p.m., the Dow had closed down more than 600 points and gold had fallen about 1%. Don’t read that as the
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