For Gold, It’s All Eyes on the Federal Reserve This Week

the fed building
Written by Mike Hammer

It’s the week investors have been talking about for, well, weeks now. This Wednesday, the Federal Reserve is expected to announce if they will reduce interest rates, and by how much.

The debate is pretty much over whether the Fed will reduce. The expectation is they WILL reduce rates, the question is by how much? If they really think they need to goose the economy – oops, I mean if they think inflation is too low or the trade war has hurt the economy, or whatever the excuse is – they may reduce rates by 50 basis points.  Otherwise, expect a rate reduction of 25 points, or 0.25 percent.

This may have a… Continue reading at ETFDailyNews.com

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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