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IAU - Looking For A 50-Basis-Point Rate Cut - Will It Happen?
ishares Gold Trust
In December 2015, the US February reserve increased the short-term Fed Funds rate in what was liftoff from a zero percent interest rate environment. In the months leading up to the move, the Fed had tapered their program of quantitative easing which provided stimulus to the economy in the aftermath of the 2008 financial crisis.
Since December 2015, the central bank has acted nine times to increase the Fed Funds rate by 25 basis points, and the rate now stands at 2.25-2.50%. Last year economic data and GDP growth caused the new Chairman of the