Kitco News, Released on 8/5/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Danielle DiMartino Booth, CEO & Chief Strategist of QI Research, who breaks down the global market meltdown. DiMartino Booth outlines when the Federal Reserve will likely step in with a rate cut, stating that her base case is a 50 basis point rate cut in September. She also explains what it would take for the Fed to implement an emergency rate cut. Booth gives her a macro outlook, weighing in on gold, Bitcoin, and stocks. She also shares her insights on geopolitical tensions.

00:00 Introduction: Market Overview
03:44 Debate on Emergency Fed Rate Cuts
04:58 Credit Markets
08:20 Inflation and Employment Concerns
13:50 Global Market Dynamics
16:17 Recession and Market Predictions
19:23 Gold and Bitcoin Insights
24:26 Geopolitical Risks

Danielle DiMartino Booth is Founder & CEO of QI Research, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.

  economy, Fed, markets, stock crash, stock market