The Trend Is Not the Fed’s Friend

“Useless!” [The Daily FWD] June 12, 2024 [UNSUBSCRIBE]( The Trend Is Not the Fed’s Friend Hi Reader, Here’s what our editors are looking at today… [Click here to learn more]( News: Jim Rickards – Will the Fed “Pivot”? Today, the Fed will leave its target rate for fed funds unchanged. That decision will keep the federal fund's target at 5.50% as set at the July 26, 2023, FOMC meeting. Over the course of 18 FOMC meetings beginning March 16, 2022, I’ve been correct in all of my forecasts including the policy rate pause that began last September. I’m confident I’ll be correct on Wednesday also. In addition, I expect the Fed will do nothing to contradict prior indications that the rate hike cycle that began in March 2022 is over. In effect, the Fed has concluded that they’ve reached the terminal rate. That’s the rate at which inflation is expected to come down on its own without further rate hikes. In the Fed’s view, the lagged effect of prior interest rate hikes will do the job of lowering inflation to the Fed’s target of 2.0%. No further action is required. It’s just a matter of time and patience. [⇒ Read More Here]( [Click here to learn more]( Recommended Reads: [Facebook Would Ban This Video Within Minutes]( I just blew Biden’s cover on his sinister plan for complete manipulation of the U.S. economy ahead of the U.S. Election… It’s a plan that he’s betting will land him in the White House in 2024, while, at the same time… Puts you, me, and every other American at risk of financial ruin… This video would NEVER be able to be posted on Youtube or Facebook so please [⇒ CLICK HERE to watch on my private website.]( [Click here to learn more]( Markets: Greg Guenthner – A Speculator's Paradise Turns Sour The paint isn’t even dry on the freshly-split NVIDIA shares and the financial media is already crowning it as the next big addition to the Dow. It’s all just speculation at this point. But if NVDA keeps pace with its historic run, it would certainly be a welcome addition to the industrials. After all, NVDA just casually added another trillion bucks to its market cap as it stacks up a gain of nearly 40% over the past four weeks. As the crypto kids like to say, number go up. [⇒ Read More Here]( [Click here to learn more]( Politics: Dave Gonigam – Russia’s Gold “Stimulus” To be sure, central banks around the world had been net buyers of gold for more than a decade. But the buying really took off after Russia invaded Ukraine in 2022 and Washington slapped unprecedented economic sanctions on Russia. Specifically, U.S. Treasuries held by the Central Bank of Russia were frozen. Leaders of other governments around the world — especially those not in Washington’s orbit — naturally wondered Could we be next? [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Email us [here](mailto:feedback@paradigmpressgroup.com) with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [Before You Invest in AI, Watch THIS First]( Artificial intelligence is the greatest wealth-building opportunity for regular Americans in the past 150 years. Some estimate [it will be $15.7 trillion boom](. But most folks won’t make a penny. Why? [The AI Paradox](. Before you spend one nickel on AI… [I urge you to watch this first](. I’ll show you everything you need to know. [⇒ Read More Here]( [Paradigm]( ☰ ⊗ [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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