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Is the Fed Done Hiking Rates? Watch the Price of Gold
By Advisor Perspectives
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.
So will rates continue to rise in 2019? If so, the dollar will follow suit, putting additional pressure on other assets. I think there are a number of signs that the rate hike we saw in December could be the last one this cycle. Just today, Federal Reserve Chairman Jerome Powell commented that “we will be patient” with further rate hikes, which I believe is good news.
Read more at Advisor Perspectives.
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