• S2 E5: Central Bank MoneyFest 2024

  • Mar 23 2024
  • Length: 34 mins
  • Podcast

S2 E5: Central Bank MoneyFest 2024

  • Summary

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    Twenty-two global Central Banks held meetings this past week to decide what, if any, changes they would make to their monetary policy stance. More than one-third of those Central Banks (8) voted to CUT their official short-term Policy Rate, TWICE as many as voted to raise rates (4), while 10 of 22 left policy unchanged.

    Of those Central Banks that left rates unchanged, the majority of them communicated belief that they would be cutting rates this summer or fall, as global monetary officialdom is starting to ease policy before inflation actually declines to their target rate, thereby "acquiescing" to higher general rates of inflation, via higher lows to be set in year over year inflation rates.

    Greg discusses all of this and then some, particularly as it relates to the US FOMC and how their move this week to prepare markets for EASING of "Quantitative Tightening" is the first step towards a full-blown policy reversal, which in turn is supporting asset prices, specifically stock indexes and commodity markets, like Energy. Listen to find out which specific markets to which Greg is allocating his client's money.

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