Fed Meeting: Gold Awaits Interest Rate Decision [NEWS BRIEF]

the front of the Federal Reserve building in Washington, D.C.

Gold trading is muted this morning for the Fed meeting — looking toward 2PM Eastern time when the Federal Reserve releases its decision on interest rate changes (no change expected this time), and notes/comments/minutes on the latest meeting discussion.  The biggest item on the table is how the Fed plans to unwind its massive stash of Treasury bonds, notes and trinkets accumulated during the famous QE financing schemes.

Related: Mining Company Given A 200-Year Fine?

The Quantitative Easing plans, or Ben Bernanke Bailout, resulted in the Fed’s current $4.5 Trillion-with-a-T balance sheet.  That’s a lot of knicknacks and baubles for sure.  Until we see the Fed meeting you can expect gold to drift today.  Then, who knows what will happen.  Today’s featured article should give you some insight into the situation at the Federal Reserve, and what might happen in different scenarios.

Related: Is the US Dollar Facing a Critical Test?


About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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