The Prospector News

Prospector News Podcast – Chris Temple “The Fed Has Dug into Higher for Longer”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Prospector News Podcast – Chris Temple “The Fed Has Dug into Higher for Longer”

 

 

 

 

 

Michael Fox of the Prospector News is Joined by the National Investor Chris Temple. We discuss the Fed’s rate meeting for June. After holding the rate steady for another cycle, Powell came out with some mildly “hawkish’ statements that seem to indicate that rates will remain where they are for some time still. The rate cut prediction for 2024 has dropped from 3 cuts to just 1. The markets are pricing that to occur in September. But as Chris and Mike discuss why that seems unlikely.

 

Powell has also noted that the patrol numbers remained higher than anticipated giving cause to worry about a wage price spiral. Powell doesn’t think it will be an issue however inflation wasn’t going to be sticky. We also discuss if other Central bankers are going to do Powell’s job for him in the inflation fight. The European Central bank and the Bank of Canada both dropped their prime rate (although they stated it was a “Mid-Course Correction”) This would likely put upward pressure on the US dollar and be disinflationary in America.

 

Finally, we discuss how the economy is affecting actual people where the rubber meets the road. In essence we discuss why American’s feel the economy is bad despite the gov’t number suggesting otherwise.

 

The National Investor 

Posted June 15, 2024

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News