Keith Neumeyer: Fed will reverse tightening by Q1 2023, lower rates; This is how gold & silver will respond
Kitco News, Released on 6/21/22
The Federal Reserve's hawkish stance is not sustainable, and it is likely that not only will the world's largest central bank stop raising rates altogether by the end of the year, they will reverse course and lower rates, according to Keith Neumeyer, CEO of First Majestic Silver. Speaking to Michelle Makori, Editor-in-Chief and Lead Anchor of Kitco News at the Prospectors & Developers Association of Canada conference in Toronto, Neumeyer said that the Fed's monetary policy pivot will likely occur by Q4 of 2022 and spur another bull rally in the precious metals.
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Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He's also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.
Keith Neumeyer: Fed will reverse tightening by Q1 2023, lower rates; This is how gold & silver will respond added by Herman James on 06/20/2022View all posts by Herman James ?+'