by Stephen Flood
GoldCore
The fed’s inflation gamble continues…
Are central banks trapped?
Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price.
Fed on Economic Recovery
The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members changed their median projection for the Fed Funds rate from its current rate of 0.1% to 0.6% by 2023 year-end – an increase of 0.5% or two rate increases more than two years from now.