Gold Slammed Below $1250 After Fed Fischer 'Dovish' Comments

www.zerohedge.com

Confirming just two more rate hikes in 2017 and plenty of uncertainty and fear over productivity growth, a 'dovish' Stanley Fischer sparked an instant reaction in USDJPY (spiked above 111) and Gold (slammed below $1250) as stocks moved to the day's highs and bond yields rose (30Y over 3.00%)...

Notably Fischer did his very best to say absolutely nothing. But did say the folowing which seemed enough to trigger the algos...

• *FISCHER: TWO MORE RATE HIKES SEEMS TO BE ABOUT RIGHT FOR 2017
• *FISCHER: PRODUCTIVITY GROWTH IS VERY LOW BY HISTORIC STANDARDS

And the reaction... the Gold and USDJPY 'pairs' trade converges...

Stocks bid (on FX carry and VIX slam) and bonds sold off...

money18.on.cc

美國聯儲局副主席費希爾接受CNBC訪問時表示，他認為今年再加息2次將是對的。被問及息口上升趨勢是急速或漸進，他認為兩者風險大致平衡。

費希爾稱，聯儲局公開市場委員會（FOMC）已經在預期裡包括一個小型的財政擴張，對於美國總統特朗普撤回推翻奧巴馬醫保的法案，費希爾表示可能影響其個人的估算，但不會對整體前景有影響。聯儲局將非常密切地留意財政形勢的變化，因為在立法討論過程中，財政政策建議會出現變化，因此聯儲局在財政因素上保持觀望，態度是適宜的。

費希爾在聯儲局的任期將於2018年6月屆滿，他考慮再擔任多一屆聯儲局副主席，但目前毋須急於做決定。