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For Gold, It’s All Eyes on the Federal Reserve This Week | The Mesh Report

For Gold, It’s All Eyes on the Federal Reserve This Week

Mike Hammer July 29, 2019 Comments Off on For Gold, It’s All Eyes on the Federal Reserve This Week

It’s the week investors have been talking about for, well, weeks now. This Wednesday, the Federal Reserve is expected to announce if they will reduce interest rates, and by how much.

The debate is pretty much over whether the Fed will reduce. The expectation is they WILL reduce rates, the question is by how much? If they really think they need to goose the economy – oops, I mean if they think inflation is too low or the trade war has hurt the economy, or whatever the excuse is – they may reduce rates by 50 basis points.

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