The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what’s next? That’s a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank’s monetary policy is “a wing and a prayer.” He also covers the recently released Q3 gold demand data.
Topics Covered
-The Fed doesn’t seem to have a real plan
-Fed Chairman Jerome Powell’s mixed messages
-Market reaction to the Fed meeting
-A comparison of rate hikes before the 2008 financial crisis to today
-Third-quarter gold demand shows a healthy increase
-The October labor market report
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unemployment numbers fake
The fed is not incompetent . The fed is corrupt. Expect them to push to 6%.
Gold is awakening….
Hi Mike, I woke up this morning and gold was up $45.00/ ounce. Mike, I had to rub the steam off of my glasses because I couldn't believe what I was seeing. Question Mike: what's up? Are gold traders pricing in the FED's soft pivot: a lowering from 75 basis points to 50 basis points going forward? Thanks, Mike.
Peter Schiff claimed the fed couldn’t even make it to 3%. And here we are at 4%. The fed can surprise us all. Don’t get complacent.
Why shouldn't the inflation rate be 0% ? OMG, they would have to stop printing money to get inflation to 0% — with a lag, of course, but oh nooooooo, we couldn't do that!!!
I wish you could spend some time focusing on ways the FED/WS can influence and manipulate Gold and Silver via paper gold/silver (GLD, SLV). Include in this discussion the derivatives AGQ and the futures.
Real Gold/Silver is getting tapped down by Wall Street Gold/Silver. Some upward pressure is leaving to bitcoin, but real Gold/Silver is not acting as it should?