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What Happens to the Market When the Fed Cuts Rates
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Economic Bulletin Issue 2, 2024
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Gold prices hit a fresh two-month low on Wednesday, sliding further below the key $2,000-per-ounce level, as a stronger-than-expected US inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold fell 0.2% to $1,988.05 per ounce (Oz), as of 0825 GMT, hitting its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday in its biggest daily decline since Dec. 4. US gold futures slipped 0.3% to $2,000.80/Oz.
Jackson Peak Capital Q4 2023 Update
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