Fed Noted Economic Improvement but Warned of Elevated Slack in Job Market

Gold price declined as robust US growth data raised speculations that the Fed would tighten earlier than expected. The FOMC meeting statement acknowledged economic improvements and indicated diminished downside risks to inflation. Policymakers, however, warned of significant slacks remaining the labor market and signaled that the Fed was no hurry to hike rates.

See the original post:
Fed Noted Economic Improvement but Warned of Elevated Slack in Job Market