Fed-Speak: Rate cuts coming [09-09-2024]

Fed is Expected to Raise Interest Rates Wednesday

The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.

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Bad Financial Moon Rising

BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.

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The Fed’s Annual Monetary Policy Symposium (organized by the Federal Reserve of Kansas City) will be on August 23 to 25

Gold Silver Reports (GSR) – The theme this year is on “Changing Market Structure and Implications for Monetary Policy”

✅ It will be attended by the elite of the global central banking world and various other big wigs (I think my invitation might have got lost in the mail)

✅ Usually the head of the Fed, the ECB and BOJ attend, along with BoE and so forth.       

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RBI Gold News

RBI Monetary Policy Prediction Today

Gold Silver Reports (GSR) – RBI Monetary Policy Prediction Today: Indian Stock Market would open flat with negative bias. Technically, Nifty also entered into negative zone. BankNifty is still in negative zone. Now, today RBI Policy would be disclosed and it would affect Indian Stock Market direction. Street expect Rate hike this time.

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