Dovish Fed hike seen by J.P. Morgan as markets flash ‘slowdown’

Bloomberg/Cecile Gutscher/12-6-2018

“I would expect a dovish rate hike” at the Dec. 18 to 19 meeting, Michele said. “I would expect some clarity that we’re near the end” of the indicative tightening trajectory.”

USAGOLD note: I read an update yesterday that suggested we might have zero rate increases in 2019.  Any indication the Fed is leaning in that direction would likely have a profound effect on markets, including gold.

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