The Federal Reserve’s last FOMC meeting will draw to a close later today (Wednesday) meaning there may be clearer indications as to when rate cuts will begin. The market consensus is that rates will remain fixed through the rest of 2023, with the latest data indicating that inflation is beginning to cool.
Fed Chairman Jerome Powell will hold a press conference after the meeting concludes and could provide more clarity on future policy. If his comments indicate rate cuts taking place sooner than expected, expect the gold bulls to surge. Buy now.
