Federal Reserve is raising interest rates
You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen’s ‘lift-off’ from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, with another hike expected this December. The cumulative impact is to put the high end of the range for the fed funds rate at 2.5% by year-end. More of the same is widely anticipated for 2019.
Fed squeezes US economy
Imagine this. You hand me one thousand dollars. I tell you to come back in six years, and I will give you back more than three times[...]
When the Fed Flips to Ease, Gold Will Shine
Australia is the world’s second-largest producer of gold. Only China produces more gold than us. The difference, though, is that China doesn’t sell their gold outside[...]