usa federal reserve bank signals three rate cuts in 2024 – gold , silver , crypto-currencies , stock markets rally

in the final meeting of 2023 , the usa federal reserve bank kept the rates steady and said that there will be three rate cuts in the year 2024

gold , silver went up

stock markets went up

crypto – currencies rallied as well

what caused the federal reserve to flip the plot of “higher for longer” ?

was it something in the job market ?

were the industrials start to look weak ?

was it the election year politics – biden told chairman powell to pivot ?

who knows ?