The Fed’s Inflation Gamble Continues

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.

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