What’s next for commodity prices as Fed mulls next rate hike? [Video]

Another day and another highly anticipated money making opportunity. That’s one of the most lucrative trends of the current financial climate that we find ourselves in right now.

Earlier this week, Minutes from the May Meeting confirmed the stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it began raising rates back in March 2022.

Although prices are stabilizing, inflation remains well above the Fed’s 2% target – and that has Fed officials increasingly divided over their next move.

Since the collapse of several prominent banks in the United States and Europe, which has resulted in a global credit crunch and paved the way for a recession – traders have been anticipating that the Federal Reserve will cut rates by the end of the year.

But those hopes were squashed by the May FOMC meeting minutes, showing that is unlikely to happen soon.

In fact, a number of top Fed officials expressed the need to continue raising interest higher as ‘insurance’ against inflation. Which, put another way, means that the Fed isn’t done ‘breaking things’ yet.

The big question now is how high will interest rates go in 2023? And how long will they stay there?

Extraordinary times create extraordinary opportunities and right now these markets remain a trader’s paradise. Every macroeconomic release – regardless of whether it meets, beats, or misses expectations – brings with it incredible opportunities to generate huge profits fast!

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: