During testimony on June 21, 2023, Federal Reserve Chairman Jerome Powell said that the fight against inflation ”still has a long way to go.” Federal Reserve officials have since stated that future rate hikes are both likely and necessary.
“Policymakers forecast two additional increases this year, more than expected, a confusing result that left [consumers] seeking answers.”
—Bloomberg
How can consumers protect their portfolios against “sticky” inflation and the impacts of Federal Reserve fiscal policy?
Click on the video link below for exclusive insights on this topic from U.S. Money Reserve’s Coy Wells.
Related headlines from around the web:
- Newsweek: “Household Savings Collapse Sparks Recession Fears Among Economists”
- CNN: “Yes, inflation is coming down. That doesn’t mean goods and services will be cheaper”
- Yahoo Finance: “Costco Execs Warn of Looming Recession”
Don’t wait for another market downturn—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.
