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How To End The Fed...Carefully

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Housekeeping: Good Morning.

“The Gold reset is a process, not an event”

Today:

* Discussion: End The Fed Carefully

* Premium: Institutional TradeDesk Report on Gold and Copper

Discussion: End The Fed Carefully

FOMC Recap

* Fed Cuts 25 bps as expected

* The Statement

Full changes footnoted here

* The Press Conference Was Dovish

He added that even with today’s cut, that policy is still restrictive, with the potential to still accelerate the pace/size of cuts if the labor market cools faster than anticipated.

*…

The skinny

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