Cooler CPI and PPI boost gold and ease rate hike bets, but the Fed needs more from core ahead of September – Experts - KITCO
Cooler CPI and PPI boost gold and ease rate hike bets, but the Fed needs more from core ahead of September – Experts - KITCO
Source: KITCO
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DW NOTE
The Fed kept rates flat all year with CPI at 3.53% and core PPI at 3.65% — both 70% above target. Gold sits at $4,416, down 17% from January's peak, while the 10-year yield climbed to 4.70%. If cooler prints were coming, they would have arrived by now.