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Re: None

Wednesday, 07/10/2019 9:45:40 AM

Wednesday, July 10, 2019 9:45:40 AM

Post# of 19260
The attached article explains why gold is moving today (dovish Fed) and expectations are priced in that the Fed will drop rates .25 at the end of July meeting.

What's not been talked about a lot is the QT of I think it's $26 billion dollars per month that's still being drawn down by them. It doesn't stand to reason they would drop interest rates and continue with the QT, so IMO they should be announcing an end to that too. I think their original plan was to discontinue QT in September.

https://www.marketwatch.com/story/powell-says-uncertainties-continue-to-weigh-on-us-economic-outlook-and-fed-stands-ready-to-act-2019-07-10?mod=mw_theo_homepage