Fed is ‘all talk, no action’ as debt pressure sets stage for higher gold price - AuAg’s Eric Strand - KITCO
Fed is ‘all talk, no action’ as debt pressure sets stage for higher gold price - AuAg’s Eric Strand - KITCO
Source: KITCO
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DW NOTE
The Fed expanded its balance sheet by $4.7 trillion since 2020 while the deficit ran to $1.4 trillion through June — but rates stayed at 3.65% as inflation hit 3.53%. Strand is right: they'll talk about discipline until the bond market forces their hand, then gold reprices to reflect what the dollar already lost.