Powell Pivots, Fed Cuts Rates
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The Federal Reserve is expected to cut its federal-funds rate by 25 basis points during its highly anticipated meeting this week to address growing concerns about the health of the U.S. economy. But most Americans won’t feel a big difference, economists say.
The Federal Reserve’s policy setup is “bullish for bonds, bearish for the dollar, and neutral for equities in the near term," according to TIAA Wealth Management’s chief investment officer.
The Federal Reserve is expected to cut interest rates by at least a quarter percent this week. What will that mean for gold and silver?