The Federal Reserve signaled that they would cut rates next year.
BREAKING – Dow surged 1.4 percent to finish above 37,000 points for the first time, after the Federal Reserve signaled it expects interest rate cuts in 2024.
https://t.co/LXgfu01JqK— Insider Paper (@TheInsiderPaper) December 13, 2023
The Federal Reserve is hinting at numerous rate CUTS in 2024.
Enjoy the movie.
— Gold Telegraph ⚡ (@GoldTelegraph_) December 13, 2023
Not only did stocks shoot up on the news, but gold, silver and bitcoin all bounced back up.
JUST IN: Federal Reserve leaves rates unchanged in last meeting for the year, as #Bitcoin bounces back over $42,000. pic.twitter.com/5uaidCqAKC
— Bitcoin Archive (@BTC_Archive) December 13, 2023
Gold is back up over $2,000 again and is trading for around $2,025 as I write this.
Gold Price today in green.
Unbelievable move.
Wow. pic.twitter.com/oGY3cTnIaM— 🇳🇿 Damien De Ment 🇺🇸 (@NgatiYankeeKiwi) December 13, 2023
This news was not good for the US Dollar.
Forex Today: Dollar tumbles as Fed signals cuts in 2024 – by @MSalordFXhttps://t.co/BFmH27MdNz
#DollarIndex #Currencies #Majors
— FXStreet News (@FXStreetNews) December 13, 2023
Inflation was already bad enough with the Fed consistently raising rates. Signaling a potential reversal is only going to fuel the very bad inflation problems.
We are sleepwalking into a major economic disaster and nobody is doing anything to try and solve it.
