SPECIAL REPORT: Reaction To Today's Federal Reserve Update | Axel Merk
Today's decision had the most dissents since 1988
The Federal Reserve Open Market Committee just released the outcome of its meeting this week.
As expected, the Fed cut its policy rate by 0.25% (with three governors dissenting - the most since 1988!).
It also announced that it will start purchasing shorter-term US Treasurys, to maintain “an ample supply of reserves” (is this pre-QE?)
To discuss, Fed-watcher Axel Merk is joining us again to deliver his expert reaction to the Fed’s latest guidance as well as take your questions live.
This live event with Axel will take place today at 4pmET/1pmPT and can be accessed via this link or by clicking on the image below:
If you missed the event while it was happening, clicking on the above link/image should take you to a replay.
REMINDER: In celebration of the silver price shooting above $60/oz for the first time in history, Andy Schectman, CEO of Miles Franklin, is kindly offering an exclusive discount to the Thoughtful Money audience:
While supplies last, he’s willing to sell us junk silver at $1 *below* spot.
If you’d like to take him up on this offer, or talk with him & his staff about any other questions/needs you have regarding buying or storing precious metals, just click on the button below and fill out the short form:
And for premium Substack members, below are my summary bullets of Fed Chair Jerome Powell’s comments at today’s press conference.
