Muted U.S. inflation strengthens case for Fed rate cut | Metals Mine

  • Muted U.S. inflation strengthens case for Fed rate cut

    From reuters.com

    U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year. But the report from the Labor Department on Wednesday will likely not shift Fed officials’ views that temporary factors are behind the weak inflation readings. Airline fares, among the transitory factors identified by Fed Chairman Jerome Powell, rebounded and apparel prices stabilized after two straight monthly decreases. U.S. central bank policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions, ... (full story)

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bulltrap
Jun 12, 2019 12:33pm
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The fact that there is a possibility of a rate cut sets up some opportunity for gold longs. If the Fed implements a cut returns could start to pile up.

I’ll only be taking on long positions here and there for awhile as the setups present themselves 😄
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