After the Federal Reserve’s Open Market Committee cut interest rates by 25 basis points on December 18, 2024, several committee members indicated that moving forward, they would vote for fewer rate cuts than previously projected.
“After a very strong December jobs report, we think the cutting cycle is over.”
—Aditya Bhave, economist, Bank of America
What could a slower pace of rate cuts mean for the economy?
Click on the video link below for exclusive executive insights on this topic from U.S. Money Reserve’s Coy Wells.
Related headlines from around the web:
- The Wall Street Journal: “Fed Official Says Further Rate Cuts Can Wait”
- Fox Business: “Fed minutes show policymakers see immigration, tariff shifts creating inflation uncertainty”
- Barron's: “Gold Glitters as Inflation Fears Rise Again.”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
