No More Rate Hikes This Year
Monday, May 1, 2017 at 10:24PM
Gold Prices

The odds of additional interest-rate increases by the end of the year have been falling significantly.  In fact, there is currently a 24% chance that there will be NO MORE rate hikes this year, according to Bloomberg (which uses Fed Funds futures to determine the probabilities).  On April 7th, the odds of no additional hikes this year were only around 10%.  The increased odds of the Fed staying on the sidelines through year-end reflect the following:

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No rate hikes in the near future should see the dollar weaken and gold rally.....

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