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Thoughtful Money with Adam Taggart
What Will The New Trump Era Mean For The Fed? | Axel Merk
Nov 8, 2024
Axel Merk, President and Chief Investment Officer of Merk Investments, dives into the potential implications of a Trump victory on Federal Reserve policy. He discusses recent interest rate cuts and the complexities of maintaining monetary stability amid political influences. Axel highlights candidate speculations for the Fed leadership as well as the impacts of a declining U.S. dollar on investments like gold and Bitcoin. He emphasizes the importance of market-driven approaches and diversification in navigating current financial landscapes.
01:02:44
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Quick takeaways
- The Fed's unanimous decision to cut interest rates to 4.5 percent reflects a cautious approach amid strong consumer spending and capital investment.
- Market expectations have shifted post-Fed announcements, highlighting the delicate balance between stimulating growth and avoiding inflationary pressures.
Deep dives
Federal Reserve Rate Cut Insights
The Federal Reserve has announced a 25 basis point cut in its policy interest rate, bringing it down to 4.5 percent. This decision was unanimous among committee members, contrasting with previous meetings that featured dissenting opinions. Despite this cut, there was no change to the pace of quantitative tightening, with the Fed continuing to reduce its balance sheet as originally planned. These rate adjustments are significant as they set the risk-free rate that influences global asset pricing, underscoring the Fed's role in shaping economic expectations.
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