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Fed to End Inflation Fight Before Job is Done

Posted on July 12, 2024 by MN Gordon

Fed rate cuts in the face of a CPI reading that’s above its inflation target won’t immediately boost economic growth. But they may buy a little relief on the Treasury’s net interest on the debt budget item. So, too, they may serve to incite another inflation flareup. Gold, if you hadn’t noticed, is back over $2,400 per ounce. Continue reading →

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