kingworldnews.com / August 16, 2017
As we move through the middle of the month of trading in August, the inflation/deflation war is heating up. Importantly, what this will mean for gold and the Fed.
Inflation, Deflation And Gold
August 16 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: Bottom line with the just released FOMC minutes is this, the only thing the Fed seems comfortable committing to right now is QT in September “absent significant adverse developments in the economy or in financial markets.” As for when the fed funds rate might go up again, everyone had their own opinion that spanned the spectrum of thought, all with regards to the viewpoint on inflation as the labor market objective has been met. As the December meeting is not for another 4 months, it really doesn’t matter what they think now as too much can change.
I do want to vent for a quick second. When I hear and read in the minutes that low inflation is a concern, I want to scream. Replace the word ‘inflation’ with ‘cost of living’ and see if it makes sense to want a higher ‘cost of living.’…
The post The Inflation/Deflation War Heats Up – What It Means For Gold And The Fed appeared first on Silver For The People.