BillHolter.com

Bill’s Commentary:

“More on silver from two legends.”

Bill’s Commentary:

“No matter what name they put on it, buying Treasuries is monetizing the debt…”

Fed meeting recap: Fed’s starts stealth easing, Powell rules out hike and markets rally

The Federal Reserve announced Wednesday a quarter percentage point, or 25 basis point, cut to its overnight lending rate, bringing the targeted range to between 3.5% and 3.75%.

However, the third interest rate cut of the year was far from an easy decision, with some members favoring cuts to head off further weakness in the labor market and others thinking the easing has gone far enough and threatens to aggravate inflation.

The increasingly divided Federal Open Market Committee made its call with a 9-3 vote. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid both voted for no decrease, while Federal Reserve Governor Stephen Miran called for a half-point cut.

Read more here…