The Federal Reserve’s Federal Open Market Committee—which shapes monetary policy by setting interest rates—lowered its economic growth forecast on March 19, 2025, while raising its inflation outlook, signaling concerns about stagflation: slowed economic growth paired with rising inflation and elevated unemployment.

“U.S. data is only inflaming stagflation fears.”

—James Knightley, economist, ING

What risks do consumers face in a stagflation scenario

Watch this video for exclusive executive insights on this topic from Edmund C. Moy, the 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.

Related headlines from around the web:

• Barron's: “How Much Higher Can Gold Prices Go? Wall Street Sees More Records Ahead.”
• The Financial Times: “Gold stockpiling in New York leads to London shortage.”
• Yahoo Finance: “Gold climbs to new high as buyers hedge against Trump tariff plans.”

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.

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