{"id":62459,"date":"2025-09-18T00:33:18","date_gmt":"2025-09-18T00:33:18","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=62459"},"modified":"2025-09-18T06:53:30","modified_gmt":"2025-09-18T06:53:30","slug":"62459","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/","title":{"rendered":"Powell walks the tightrope with the latest FOMC decision"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The Fed cut rates by 25 basis points, with two more expected this year.<\/li>\n<li>There is no change to the rate of Fed balance sheet runoff (QT).<\/li>\n<li>FOMC dot plot projections reflect a mildly dovish long-run monetary policy, but not sufficient to antagonize the bond market.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<p>Chair Jerome Powell announced a 25 basis-point cut in the fed funds target rate. The Target range for the federal funds rate is now 4.0%-4.25%.<\/p>\n<p>There was only one dissent, from new Trump appointee Stephen Miran, who wanted a 50 basis point cut.<\/p>\n<p>What&#8217;s new in the FOMC statement:<\/p>\n<blockquote><p>Recent indicators suggest that growth of economic activity moderated in the first half of the year.<\/p>\n<p>Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.<\/p><\/blockquote>\n<p>FOMC economic projections reflect a broadly balanced economy, with unemployment rising slightly to 4.5% before easing to 4.2% in the long run. Real GDP growth is expected to slow to 1.6% in 2025, increasing to 1.8% in the long run. Median PCE inflation is projected to remain at 3.0% for 2025 before easing to 2.0% in the long run.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png?resize=384%2C270&#038;ssl=1\" alt=\"FOMC Projections\" width=\"384\" height=\"270\" \/><\/p>\n<p>Dot Plot projections of the fed funds rate center around another two rate cuts of 25 basis points this year, with one outlier \u2014 possibly Miran \u2014 projecting five rate cuts.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-dotplot.png?resize=525%2C345&#038;ssl=1\" alt=\"Fed Funds Rate Projections (the Dot Plot)\" width=\"525\" height=\"345\" \/><\/p>\n<h2>Financial Markets<\/h2>\n<p>Financial markets already display signs of loose monetary conditions, with the Chicago Fed NFCI index falling to -0.558 for the week ended September 5.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-nfci.png?resize=525%2C372&#038;ssl=1\" alt=\"Chicago Fed National Financial Conditions Index\" width=\"525\" height=\"372\" \/><\/p>\n<h2>Treasury Markets<\/h2>\n<p>10-year Treasury yields rallied off support at 4.0% on a less-dovish-than-expected FOMC projection.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Dollar &amp; Gold<\/h2>\n<p>The US Dollar Index likewise found support on the prospect of higher-than-expected interest rates.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold retraced to test support at $3,650 per ounce.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-17-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>The Fed cut 25 basis points as expected, with Chair Jerome Powell doing just enough to placate President Trump without caving to political pressure.<\/p>\n<p>Dot plot projections reflect two more rate cuts of 25 basis points this year. The median fed funds rate of 3.0% is slightly higher than expected long-run inflation at 2.0%. The resulting real fed funds rate of 1.0% is somewhat dovish but not outright stimulatory. The Trump administration wants to run the economy hot, with higher inflation, to solve the fiscal debt crisis. At the same time, a negative real rate would antagonize the bond market and likely cause an upsurge in long-term yields.<\/p>\n<p>Fed Chair Powell has skillfully negotiated a path between the bond market preference for higher real rates and the Trump administration&#8217;s demands for monetary stimulus. Antagonizing either group would risk a bond market revolt, the latter because it would invite increased Trump interference and possible dismissal of Powell &#8220;without cause.&#8221;<\/p>\n<p>We do not expect the outcome to affect the secular uptrend in long-term Treasury yields, the dollar&#8217;s downtrend, or gold&#8217;s uptrend.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<li>FOMC: <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcprojtabl20250917.pdf\">Summary of Economic Projections<\/a><\/li>\n<li>Wolf Richter: <a href=\"https:\/\/wolfstreet.com\/2025\/09\/17\/this-fed-meeting-must-have-been-a-circus\/\">This Fed Meeting Must Have Been a Circus<\/a><\/li>\n<li>Adam Taggart with Axel Merk: <a href=\"https:\/\/www.youtube.com\/live\/QrbYZ-WNg7o?si=lUST8cVOb0iVB_yO\">Is The Fed Behind The Curve? If So, By How Much?<\/a><\/li>\n<li>Maggie Lake &amp; Darius Dale: <a href=\"https:\/\/www.youtube.com\/live\/fKa8ro4q1Zo?si=P5fCQ3EWCd9fhBBD\">A 25bps Cut And More to Come?<\/a><\/li>\n<li>Federal Reserve: <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20250917a.htm\">FOMC Statement<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points The Fed cut rates by 25 basis points, with two more expected this year. There is no change to the rate of Fed balance sheet runoff (QT). FOMC dot plot projections reflect a mildly dovish long-run monetary policy, but not sufficient to antagonize the bond market. Chair Jerome Powell announced a 25 basis-point &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Powell walks the tightrope with the latest FOMC decision&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,46,34],"tags":[69,6622,1073,4773,1353,1429,2870,3204,3531],"class_list":["post-62459","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-deficit-spending-employment","category-us-canada-countries-regions","tag-10-year-treasury-yield","tag-chicago-fed-national-financial-conditions-index","tag-dollar-index","tag-dot-plot","tag-fed-funds-rate","tag-fomc","tag-real-gdp","tag-spot-gold","tag-unemployment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Powell walks the tightrope with the latest FOMC decision - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Powell walks the tightrope with the latest FOMC decision - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points The Fed cut rates by 25 basis points, with two more expected this year. There is no change to the rate of Fed balance sheet runoff (QT). FOMC dot plot projections reflect a mildly dovish long-run monetary policy, but not sufficient to antagonize the bond market. Chair Jerome Powell announced a 25 basis-point &hellip; Continue reading &quot;Powell walks the tightrope with the latest FOMC decision&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-18T00:33:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-18T06:53:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Powell walks the tightrope with the latest FOMC decision\",\"datePublished\":\"2025-09-18T00:33:18+00:00\",\"dateModified\":\"2025-09-18T06:53:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\"},\"wordCount\":514,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png\",\"keywords\":[\"10-Year Treasury Yield\",\"Chicago Fed National Financial Conditions Index\",\"Dollar Index\",\"Dot Plot\",\"Fed funds rate\",\"FOMC\",\"Real GDP\",\"Spot Gold\",\"Unemployment\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"Deficit Spending &amp; Employment\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\",\"name\":\"Powell walks the tightrope with the latest FOMC decision - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png\",\"datePublished\":\"2025-09-18T00:33:18+00:00\",\"dateModified\":\"2025-09-18T06:53:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-09-17-fomc.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/18\/62459\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Powell walks the tightrope with the latest FOMC decision\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/s9tQ4n-62459","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":37669,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/09\/22\/fed-full-speed-ahead-and-damn-the-torpedoes\/","url_meta":{"origin":62459,"position":0},"title":"Fed: Full speed ahead and damn the torpedoes!","author":"Colin Twiggs","date":"September 22, 2022","format":false,"excerpt":"\"Damn the torpedoes! Full speed ahead!\" ~ Union Admiral David Farragut, Battle of Mobile Bay (1864) The Fed stood firm in its commitment to taming inflation, hiking the funds rate target by 75 basis points on Wednesday, to a range of 3.00% to 3.25%. The FOMC statement reads: ....The Committee\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Union Admiral David Farragut","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/davidfarragut.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":42536,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/06\/15\/dollar-falls-as-fed-skips\/","url_meta":{"origin":62459,"position":1},"title":"Dollar falls as Fed &#8220;skips&#8221;","author":"Colin Twiggs","date":"June 15, 2023","format":false,"excerpt":"The Fed held rates steady as expected, maintaining the target range for the fed funds rate at 5.0% to 5.25%. A \"Hawkish Skip\" While standing pat, the FOMC maintained a hawkish bias, with the Chairman Powell announcing at the Press Conference: \"....nearly all Committee participants expect that it will be\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Economic Projections","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-14-fomc-dots2.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":59987,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/12\/19\/fed-shock-really\/","url_meta":{"origin":62459,"position":2},"title":"Fed shock &#8211; really?","author":"Colin Twiggs","date":"December 19, 2024","format":false,"excerpt":"Stocks plunged on indications that the Fed would slow further rate cuts after announcing a 25-basis-point cut at the FOMC press conference on Wednesday. Really? That could be seen coming for months. The economy has proven resilient, unemployment is low, and retail sales are growing. The obvious question is: \"Why\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Dot Plot","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-18-dotplot.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-18-dotplot.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-12-18-dotplot.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61404,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/20\/fed-sits-tight-as-economic-outlook-darkens\/","url_meta":{"origin":62459,"position":3},"title":"Fed sits tight as economic outlook darkens","author":"Colin Twiggs","date":"March 20, 2025","format":false,"excerpt":"The Fed has kept the funds rate steady at 4.25% to 4.5% since December. The threat of a trade war and the increased risk of a sharp price jump have ensured Fed caution over further rate cuts. The FOMC dot plot below shows four participants expect no cuts this year,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Dot Plot","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-19-dotplot.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-19-dotplot.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-19-dotplot.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":43191,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/27\/more-than-two-rate-hikes-ahead\/","url_meta":{"origin":62459,"position":4},"title":"More than two rate hikes ahead?","author":"Colin Twiggs","date":"July 27, 2023","format":false,"excerpt":"The FOMC announced another 25 basis point rate hike on July 26. The target maximum of 5.50% is the highest level for the fed funds rate in 22 years. Inflation is falling, with monthly CPI and core CPI (annualized) close to the Fed's 2.0% target. We expect an uptick in\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Fed Funds Rate Target - Maximum","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-26-fomc.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-26-fomc.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-26-fomc.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-26-fomc.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":50189,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/21\/gold-and-sp-500-break-to-new-highs\/","url_meta":{"origin":62459,"position":5},"title":"Gold and S&#038;P 500 break to new highs","author":"Colin Twiggs","date":"March 21, 2024","format":false,"excerpt":"https:\/\/www.youtube.com\/live\/DAkSmobTi8E?si=hCSpR9PwS0DXZ7Ai The FOMC decided to hold rates steady, with a target range of 5.25% to 5.50%. But they project three rate cuts by the end of the year, with a mid-point at 4.625%. Fed securities holdings have so far been reduced by almost $1.5 trillion. FOMC consensus is to slow\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Dot Plot","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-dotplot.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-dotplot.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-dotplot.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=62459"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62459\/revisions"}],"predecessor-version":[{"id":62465,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62459\/revisions\/62465"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=62459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=62459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=62459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}