Kitco News, Released on Released on 11/21/24

The Fed should not cut rates any further, warns Jim Bianco, President of Bianco Research. A barrage of rate cuts by Fed Chair Jerome Powell would be “a catastrophic error,” Bianco tells Kitco News anchor Jeremy Szafon on the sidelines of the 50th Annual New Orleans Investment Conference. Bianco delves into the Federal Reserve’s interest rate decisions, market reactions, and broader economic implications. He also analyses gold, Bitcoin, and bond markets, providing insights into global debt dynamics.

00:00 Introduction
00:21 Fed’s Interest Rate Cuts
01:10 Market Reactions and Economic Indicators
02:25 Fed’s Challenges
06:18 Macro Outlook
12:15 Gold and Bitcoin Market Insights
17:54 Global Market Dynamics

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

  bitcoin, economy, federal reserve, gold, interest rates, investing, Jim Bianco, stock market