Top Federal Reserve officials have indicated that the central bank will begin lowering rates at the end of its September 18, 2024, meeting. However, several economists and analysts believe this action will be too late to prevent a recession.
“The Federal Reserve is unlikely to save the day. The economy succumbed to recession just months after the central bank started lowering rates in January 2001 and September
—BCA Research chief global strategist Peter Berezin
2007.”
What is the reasoning behind these predictions, and how could this affect portfolios?
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:
- Business Insider: “Rate cuts won’t prevent a recession, and the economy is deteriorating ‘quite rapidly,’ investment strategist says.”
- MarketWatch: “Markets are uneasy as a U.S. recession looks more likely”
- CNBC: “Goldman tells clients to go for gold, likes metal amid geopolitical risk, rate cuts.”
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.
