Finance

Gold rebounds after two-week slide as Fed rate outlook shifts

Gold rebounded after two weeks of declines as markets increasingly price in the likelihood that the U.S. Federal Reserve will keep rates unchanged this month. Spot gold moved toward $4,180 an ounce. The shift followed remarks by Fed Chair Kevin Warsh, which led investors to cut expectations of a near-term hike. Traders are now watching the next FOMC meeting and the U.S. PCE inflation report. Other precious metals also gained.

Finance

Fed may raise rates again as global central banks show signs of returning to tightening

Prospects are rising that the U.S. Federal Reserve could deliver another rate hike this year, while major central banks worldwide are also reinforcing a tightening stance. Over the past six months, 15 of 33 major central banks raised policy rates. Within the Fed, officials say inflation remains outside a controllable range. Mixed U.S. data have complicated the outlook, while markets largely expect no October move but see high odds of a hike in December.