In its first interest rate cut in four years, the Federal Reserve reduced rates by half a percentage point in what some news outlets call an “aggressive start” to its rate-cutting cycle.
“We’re trying to achieve a situation where we restore price stability without the kind of painful increase in unemployment that has come sometimes with this inflation.”
—Federal Reserve Chairman Jerome Powell, September 18, 2024
What could this cut mean for the economy, and what impact could it have on gold?
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:
- CNBC: “Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years”
- Bloomberg: “Gold Rises to Record After Fed Makes First Rate Cut Since 2020”
- Reuters: “Most banks expect gold’s bull run to persist into 2025”
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.
