FOMZZZZ… But an inflation spike could wake us yet
July 28, 2023
Bloomberg/John Authers/7-27-2023
“The Fed promised us a nonevent and it delivered — give or take a few comments. The Federal Open Market Committee did indeed raise the benchmark fed funds rate by 25 basis points to the highest level in 22 years at 5.5%. But as that outcome had been rated a 99% probability when Wednesday dawned, it came as no surprise.”
USAGOLD note: We are not yet out of the inflation woods……Gasoline prices, says Authers, could trigger a surprise summer wake-up call.
[ad_2]
Source link