Will the Fed ease money further even if it increases inflation?
*Bloomberg, by Elizabeth Stanton, November 30, 2007
“Federal Reserve Chairman Ben S. Bernanke spurred speculation the central bank will cut its benchmark rate by half a percentage point at its December meeting after saying yesterday that policy makers must decide whether “renewed turbulence” in financial markets has shifted the risks between growth and inflation.
‘It is telling you that it’s likely to cut pretty aggressively over the next six months,’ said Jason Trennert, chief investment strategist at Strategas Research Partners in New York.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
Monex has been a trusted name in precious metals investing for over 50 years. In this time, Monex Deposit Company and its predecessors have engaged in over $60 billion in customer transactions because of our dedication to customer service and satisfaction.