The gold market is looking for Fed consensus, but ‘the FOMC is as uncertain as the war’ – Phoenix’s Grady - KITCO
The gold market is looking for Fed consensus, but ‘the FOMC is as uncertain as the war’ – Phoenix’s Grady - KITCO
Source: KITCO
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DW NOTE
The Fed has held rates steady for six months while CPI runs at 3.5% and PPI at 5.5%. Gold is down 24% from its January peak because the market priced in cuts that aren't coming. A war doesn't create Fed uncertainty — it reveals the uncertainty that was already there when you pretend 3.5% inflation is transitory.