from King World News
Gold initially rallied today on Fed release discussing inflation but the Fed may not like what it sees regarding future inflation.
August 27 (King World News) – Peter Boockvar: Meet the new policy, same as the old policy sang The Who, or something like that ??
The statement today said:
“The Committee seeks to achieve inflation that averages 2% over time, and therefore judges that, following periods when inflation has been running persistently below 2%, appropriate monetary policy will likely aim to achieve inflation immediately above 2% for some time.”