More Rate Cuts (and overt QE) Pending - Craig Hemke (08/10/2019)

Oct 08 19:10 2019 Print This Article

October 08, 2019

Precious

metals prices have rallied in 2019 as global central banks reverse their

policies of tightening and rate increases. And now even more rate cuts and

restarted QE are on the way.

If

anything, none of this should come as a surprise to regular readers of these

weekly updates. Though nearly every Wall Street economist was forecasting rate

hikes in 2019, we stood firm with our forecast of recession and rate cuts. Even

as late as May, there was some doubt that this year was unfolding in a manner

similar to 2010. There's not much doubt remaining now.

https://www.sprottmoney.com/Blog/recalling-2010-cr...

But

here's the thing...

After

a sharp bond market correction in September, Chairman Powell tried to make the

case that The Fed had found a new "neutral" rate at 1.90% fed funds.

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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