July saw another meeting for the Federal Reserve and talks of quantitative easing (QE3) continued to be the focus. When the June minutes were released, members of the Federal Open Market Committee (FOMC) were split on the idea of tapering stimulus by the end of the year. Judging by Wednesday’s release of the July 30-31…
June FOMC Minutes: Tapering Still Dependent on Job Gains, Economic Outlook
Just three weeks ago stocks and commodities were sent spiraling downward after the Federal Open Market Committee (FOMC) released their economic forecast and U.S. Fed Chairman Ben Bernanke spoke about the tapering of assets becoming a reality by the end of the year. Fast forward to the release of the Fed’s June meeting minutes today…
Jobs Report Shows Slow Steady Growth
Two markers of the job market clocked in today, and it looks like the Fed will be continuing their easy-money policies for a little while longer. The employment report calculated by Automatic Data Processing Inc. and Moody’s Analytics found that private-sector U.S. jobs increased by 188,000 in June, as reported by the Wall Street Journal….
Inflation Update – Beware of Misleading Government Statistics
Inflation is another one of those alarming, yet distinctly vague terms you’ve heard thrown around a lot in the last few years. Concerns about “rising prices” and the value of the U.S. dollar after all is what drove many of us to invest in gold and silver coins in the first place. Although “inflation” is…
The Bernanke Effect
Following the release of the economic forecast by the Federal Open Market Committee (FOMC) yesterday, U.S. Fed Chairman Ben Bernanke’s taper talk sent stocks and commodities tumbling. Maybe tumbling isn’t the right word… Collapsing to near three-year lows, gold has dipped below $1,300 for the first time since the fall of 2010. Prior to the…
