Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
Irene Tunkel, Chief Market Strategist at BCA Research, shared her insights in a recent discussion with Jeremy Szafron on Kitco News, highlighting the unexpected twists in rate expectations."The reality is really that we have started with the expectation of seven rate cuts in 2024. I was never in a camp where there would be any rate cuts, maybe one, maybe two. And in a way, the market is catching up to that,” Tunkel remarked.
The Federal Reserve Chair noted in the latest FOMC meeting that 'the strength of the labor market continues to be an encouraging signal, despite other economic headwinds.' Moreover, with current unemployment rates holding at a historically low level of 3.6%, this reinforces the Fed's cautious approach as it diligently balances its dual mandate objectives.
For a deeper dive into how these dynamics are shaping investment strategies and to hear more from Irene Tunkel, check out her full interview on Kitco News.Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance. In 2012, Jeremy ventured into his own digital media project, creating The Green Scene Podcast, swiftly gaining over 400,000 subscribers and establishing himself as a key voice in the emerging cannabis industry. Following this success, he launched Investor Scene and Initiate Research, news platforms providing exclusive market insights and deal-flow opportunities in mining and Canadian small-caps.
The latest Kitco News Weekly Gold Survey has experts as pessimistic as they’ve been in some time about gold’s near-term prospects, while most retail traders still see gold prices falling or chopping sideways. - The gold market is spinning its wheels, caught in a stalemate, which could create some profit-taking among investors and weigh on prices in the near term. - The U.S.
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