At the March FOMC meeting the Fed once again decided not to cut interest rates. Since the December meeting when the Fed decided to restart asset purchases (QE) on a small scale, liquidity has improved, but as previously hypothesized, these actions have not prevented employment growth from declining or helped the hiring rate to rise. Reserve Balances The Fed cited risks from the labor market, inflation expectations, and the war with Iran as reasons not to cut. As commodity pri

Since the December FOMC meeting, when the Fed decided to once again embark on small asset purchases, otherwise known as QE, liquidity has improved. Mostly through the level of reserves in the banking system being boosted by the asset purchases. As previously mentioned, these actions will not prevent employment growth from declining. As the market is forward looking, gold and silver prices have soared in response to this policy change from the Fed. Consequently, at the January