Monday, December 16, 2024

Tag: Gold & Silver Prices Dumped Then Pumped On Latest Interest Rate Hike

Gold & Silver Prices Dumped Then Pumped On Latest Interest Rate Hike, Pivoters Rejoice With Fed Now Focusing On “Lag” Time

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    from Silver Doctors:

    Wait for it…Wait for it…Waaaaaaaaaaaaait for it…

    (by Half Dollar) The Fed has officially just concluded its most recent 2-day FOMC meeting.

    Here’s the Fed’s statement, posted in its entirety (bold added for emphasis and commentary):

    Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.