Gold Reacts, Fed May Not Like What it Sees

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.”

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