By Craig Hemke – Re-Blogged From Gold Eagle
On Wednesday, the FOMC will hike the fed funds rate again and promise three or four additional hikes in 2019. But be aware that this forecast is far from being a done deal.
Once the FOMC statement is released at 2:00 pm EDT on Wednesday—and once Chairman Powell concludes his press conference some 90 minutes later—you will be bombarded with analysis of how great things are, how the Fed may be “behind the curve” and how several more rate hikes will be forthcoming in 2019. But are these forecasts accurate, and what will be the impact on precious metal prices should the outlook change?