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Bloomberg/Liz McCormick/8-23-2020
“For BMO’s [Ian] Lyngen, there’s scope for lower yields in the wake of the event, as it may make clear that Fed policy will remain accommodative for years to come. ‘The notion of a framework shift would be dovish, locking in the low-rate environment,’ he said.”
USAGOLD note: The virtual Fed Meeting (in lieu of the annual Jackson hole gathering) will likely be this week’s highlight event … If Lyngen is correct, it could light a fire under gold.