Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be “premature” to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week’s Fed meeting and the status of the inflation fight.
- Jerome Powell’s big flip-flop
- Fed signals rate cuts next year
- A so-so CPI report with a lot of hype
- Are financial conditions really tight?
- The Fed didn’t win; it surrendered
- Why did the Fed pivot?
- Fed pivot jumpstarts gold rally
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
You Can Also Listen on SoundCloud
SchiffGold on Twitter: @SchiffGold
SchiffGold on Instagram: SchiffGoldNews
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!