After the Federal Reserve projected cutting interest rates during their December meeting, markets have been holding their breath wondering when that will happen and how far interest rates may drop.
“Updated quarterly economic projections laid out after the meeting show that a majority of Federal Open Market Committee officials expect rates to fall to 4.6% by the end of 2024, suggesting that there will be at least three quarter-point rate cuts next year.”—Fox Business, January 16, 2024
What are analysts saying, and what effects could interest rate cuts have on consumer portfolios?
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:
- Fox Business: “When will the Federal Reserve start to cut interest rates?”
- Forbes: “No rate move expected at January Fed meeting, but markets see spring cuts”
- CNBC: “UBS sees a 10% spike for gold this year as rate cut speculation swirls”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, 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.