GoldFixPM: Powell Signals Trump Policy Alignment
PM Posts |
Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
FOMC Summary:
As expected the Fed left interest rates unchanged today. As anticipated they also tapered off QT. In doing so the Fed hopes to ease some of the financial tightness that has entered into the market and weighed on stocks recently. This was a signal to buy everything. Stocks were up, bonds were up, gold was up. The only thing that wasn’t up would be the dollar.
Continues at bottom…
Morning Rundown:
![Bank: "There are increasing risks of a [silver] short-squeeze"](https://substackcdn.com/image/fetch/$s_!_GZC!,w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-video.s3.amazonaws.com%2Fvideo_upload%2Fpost%2F159210524%2F825980f7-3a32-4eb4-b4d1-851e1bb43436%2Ftranscoded-1742389518.png)
Macro-Economics/Commodities:
Geopolitics/Elections:
n/a
