Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Silver Prices Fail to make a new Higher High | Main | Gold Miners: A Correction In The Wind »

More cautious Fed now sees only two rate hikes this year

The Federal Reserve held interest rates steady on Wednesday and cut the expected pace of future monetary policy tightening as a weak global economy continued to weigh on policymakers despite ongoing U.S. growth and a healthy labor market.

A moderate economic expansion and "strong job gains" would make it appropriate to hike rates over the year, the U.S. central bank said in a policy statement. Fresh projections showed a majority of its policymakers were comfortable with two quarter-point rate hikes by year's end, half the number seen in December.

But Fed Chair Janet Yellen later stressed the uncertainty surrounding that outlook, noting that even recent signs of strengthening inflation needed to be proven to be more than a passing trend.

"I am wary and have not yet concluded that we have seen a significant uptick that will be lasting," Yellen said in a press conference following the conclusion of a two-day policy meeting.

Overall, "you have seen a shift in most participants' path of policy. That largely reflects a somewhat slower projected path for global growth," Yellen said. "The U.S. economy has been very resilient in the face of shocks ... That is important."

read more......

Although there was no rate hike this month the US Dollar was sold off and gold was pushed to higher ground. We now need to watch for when the Fed will introduce the 2 hikes that is has just mentioned.

Bearing in mind that the paln was for 4 hikes, one wonders if the Fed really has a clue about what they are doing.

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.





Winners of the GoldDrivers Stock Picking Competition 2007 






PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>