Latest Market News
“Signs of increased risk-taking were viewed by some participants as an indication that market participants were not factoring in sufficient uncertainty about the path of the economy and monetary policy,” the minutes of the last Federal Open Market Committee meeting showed today.
Gold has climbed 11 percent this year, partially buoyed by speculation that a faltering economic recovery would spur the Fed to keep borrowing costs close to zero percent.
“Investors are responding to the statement that indicates that concerns about the economy remain,” Charlie Bilello, director of research who helps oversee $220 million of assets at New York-based Pension Partners LLC, told Bloomberg.
The minutes further revealed that the Central Bank’s bond purchases would end with a final reduction of $15 billion at the October meeting, provided the economy continues to improve as expected.
Fed officials also agreed that the rate of interest on excess reserves would plan a “central role” in moving rates higher when the time comes.
View Market Data
Read the latest market viewpoint commentary from Merit's very own Executive Vice President, Mike Getlin.View Market Data
Sign up for insightful market viewpoints from Mike Getlin, Executive Vice President.
Market News Archive
Heading into Independence Day weekend, Brian takes a critical view of Federal Reserve Chairwoman Janet Yellen's Wednesday comments before the IMF. Plus, Mike Getlin, CEO of Merit Gold joins Brian to discuss the emergence of a short-squeeze in gold and silve...watch more
Gold Standard with Brian Baker
On today's show, Brian recaps the June Fed minutes and shares some insight from analyst John Embry regarding last week's non-farm payrolls data.watch more
For a quarter of century, Merit is a trusted financial partner for thousands of
investors of gold and precious metals
Widely recognized as an honest,
responsible and highly ethical institution,
Merit has a perfect rating
Each year more investors, financial
planners and collectors become part of our
community of highly satisfied customers
Nearly 50,000 men and women in the armed forces have been injured in the wars of Iraq and Afghanistan. To support those who have risked their lives for their country, Merit has developed the Wounded Warrior Project. This program provides unique, direct assi...read more