Loading ...FED easing. was cited as the spark that set off the. recent gold. rally—what? No Longer? So. why was the $ strong today and gold down?
Out today=Powell in Paris said that many at the FED see the stronger case for a FED rate cut
Also out today-as per CNBC=
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Fed’s Charles Evans says he’d be comfortable with ‘a couple’ rate cuts before the end of the year
PUBLISHED 2 HOURS AGOUPDATED AN HOUR AGO
- Chicago Fed President Charles Evans said he favors two rate cuts before the end of the year.
- Markets are widely expecting the first easing to come at the July 30–31 central bank meeting.
- Evans said he is worried about low inflation and several other issues.
White. house says. expect. one trillion. dollar deficit- the biggest ever. excluding. years of recession