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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Michael Lee, Founder of Michael Lee Strategy, who weighs in on whether the consensus for a soft landing is wrong based on the latest U.S. macroeconomic data. Lee shares his outlook on the Federal Reserve and whether we can expect a rate cut before the U.S. election. Lee also gives his price target for gold, including a timeline when the precious metal can hit $5,000 an ounce. He also discusses equities, including tech and AI stocks.
#Fed #inflation #goldt #dollar #investing
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00:00 Economic Overview
01:46 Michael Lee’s forecast
06:14 The Labor Market and Federal Reserve Policies
08:05 The Political Influence on Economic Policies
13:20 Biden Administration’s Economic Performance
15:29 Health of the U.S. Consumers
25:56 Gold’s Future and De-Dollarization Trends
28:30 Equity Market Outlook and AI’s Economic Impact
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