Fed’s Schmid supports rate hike as inflation broadens beyond 3%

On Friday, Kansas City Federal Reserve (Fed) President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving the Fed’s 2% goal, that inflation has broadened across a set of goods and servic

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-18
• rates

Topics: gold news, gold price impact, rates