Minneapolis Fed president Neel Kashkari indicated modest interest rate cuts are likely, citing a strong job market. Meanwhile, gold prices surged, driven by central bank demand and lower interest rates. Investors expressed caution, leading to decreased homebuying and mortgage refinancing, amid fears of a potential recession and escalating U.S. national debt.
Trade and speculation about the moves of the Federal Reserve moved back to the forefront of factors affecting market volatility this week. Continued escalation of tensions in the Middle East region also remains a factor.
Left-wing activists have recently been increasingly active in seeking to limit opposing thought in order to create a more ubiquitous “groupthink.” One effort in accomplishing this has been to propose the creation of a “Human Rights Committee” in order to monitor the economic transactions of “white supremacist groups and anti-Islam activists.”
The Precious Metals Week in Review June 16th,2017 1. It was a busy week for news as the fallout from President Trump’s firing of former FBI director James Comey continued to play out in the media. The U.S. Federal Reserve also held its Federal Open Market Committee meeting, and a slew of data for the…
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