October 09, 2019

FOMC minutes released today showed the Fed became more worried about the state of the economy, citing an increasing likelihood of a recession and softening labor market as two central concerns.  The minutes also showed that Fed officials were not unified in their decision to cut interest rates in September, illustrating the disconnect between market expectations and Fed policy that will likely continue in the absence of clear forward guidance. Gold and silver are holding onto their recent gains, trading at $1,508.00 and $17.77 respectively.  Stocks are also up on renewed trade optimism as talks continue in DC.