Gold

Nov 3 2022

Gary Wagner, Editor of TheGoldForecast.com, explains how markets reacted to the Federal Reserve's rate hike decision on Wednesday, and discusses his outlook for gold with David Lin, Anchor for Kitco News.

Powell is singularly focused on inflation reduction, disregarding fallout from his strong steps

With the November FOMC meeting concluding tomorrow many analysts and news sources are reporting the possibility that the Federal Reserve will announce or at least give subtle hints that they might begin to scale down their aggressive stance on interest rate hikes.

PCE Still High Despite Rate Hikes

The last day of October is ripe with terrifying news, and it has nothing to do with Halloween.

This morning the BLS (Bureau of Labor Statistics) released the latest inflation report vis-à-vis the PCE index for September 2022. The report revealed what Americans already know, that the cost of goods and services remains exceedingly.