CPI Numbers, Inflation & Rate Cuts | What to Expect in 2024 | The Gold Spot
Investors are already taking stock of their portfolio performance during 2023 and preparing for the incoming fiscal year. Recent CPI data and rumors of rate cuts are already shedding some rays of hope through the shroud of uncertainty in the economy.
The CPI numbers indicated that #inflation is slowing down significantly. Even energy prices, which aren’t included in the CPI, dropped considerably. However, year-to-date inflation was still above the Federal Reserve’s target of 2%.
During its December meeting, the Fed revealed its plan to reverse its policy of rate hikes in 2024. Most Fed officials suggested three different reductions in the upcoming fiscal year.
Usually, these cuts result in a weaker dollar and stronger #goldprices. In fact, many of our clients are already repositioning their assets in anticipation of a jump in #gold.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisors, John Karow and Damian White unpack the potential for rate cuts, their impact on gold prices, and how investors can put their portfolio in the best place to succeed.
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⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Damian White, Sr. Precious Metals Advisor:
https://www.sbcgold.com/about/damian-...
👤 John Karow, Precious Metals Advisor:
https://www.sbcgold.com/about/john-ka...
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