Fed Hints at Rate Cuts in 2019, Gold Rises on Dovish Signals While Inflation Stays Below Target
- Federal Reserve signals 3 potential rate cuts in 2019, boosting gold prices
- Markets now see over 60% chance of a June rate cut
- Fed remains optimistic about economic growth and jobs market
- Central bank expects shallower rate cuts through 2025 compared to prior forecasts
- Core inflation not expected to hit 2% target until 2026