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GLDM - Consensus Says Wait Until July For A Rate Cut
SPDR Gold MiniShares Trust
We have been hearing a lot about the next move of the US Federal Reserve over the recent weeks, and it appears that their next step will be to lower to Fed Funds rate. In the aftermath of the global financial crisis in 2008, the Fed cut the short-term rate to zero percent. Other central banks around the world, including the European Central Bank, and the Bank of Japan went even further cutting their rates into negative territory. Those central banks lowered rates to levels where they charge depositors for leaving their holding in accounts.