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More bank failures coming as Fed creates 'breakage', 'be bold' in buying gold - DiMartino Booth

KeepItMovin - 225 Views
Published on 24 Mar 2023 / In News and Politics

Danielle DiMartino Booth, CEO of Quill Intelligence and Author of "Fed Up," joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the Federal Reserve's March rate hike of 25 bps, and why Booth believes that "more bank failures" are on the horizon as Fed Chair Jerome Powell continues to tighten monetary policy. Booth also provides her economic outlook, and suggests that investors can "be bold" in allocating more than 10% of their portfolio to gold, which she forecasts will rise in the midst of ongoing financial stress.

Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth (
Follow Michelle Makori on Twitter: @MichelleMakori (
Follow Kitco News on Twitter: (@KitcoNewsNOW)

0:00 - Fed rate hike
5:06 - Fed pivot?
6:57 - 'Banking crisis'
16:07 - Fed's balance sheet
18:54 - Commercial real estate and banking
21:36 - Economic outlook
22:48 - Investment implications

#banking #gold #federalreserve
Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.

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