Wagner gold silver Fed minutes reveal high inflation concern only one year too late
The primary driver influencing pricing on multiple asset classes including gold is the fact that inflation remains persistent at a 40-year high. The circumstances that brought the global economy to its knees during the beginning of 2020 was a black swan event. It began as a global pandemic that effectively shut down the world’s economy and led to a major global recession.
While the Federal Reserve could not control what happened, its actions and policies exacerbated the problem. They created an environment that let us get to a level of inflation not seen in 40 years. The current level of inflation is so high that 30% of the world’s population have never witnessed a diminished purchasing power of their wages to this extent. Currently, inflation has affected the entire global economy with the Consumer Price Index in the United States at 8.
“A sizable portion of the economic activity has yet to display much response,” the Fed minutes said. “Inflation had not yet responded appreciably to a policy tightening.” The image above is inflation levels from 2020 to August 2022. It clearly shows that when the pandemic first began to shut down economies around the world in March 2020 the level of inflation was at an acceptable 2.6% just slightly above the Federal Reserve’s target of 2%. Inflationary pressures remain low throughout the entire year and it was not until 2021 when inflation began to become worrisome.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Fed is locked into raising rates without pushing the economy into a recessionExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
اقرأ أكثر »
Canadian snowbirds in Florida face cost-of-living crunch as real estate, rental prices rise | SaltWireStiff competition in rental and homeownership markets coupled with high inflation and the languishing loonie is making things tougher for people who like to spend the winter months in warmer climes.
اقرأ أكثر »
U.S. producer prices increase more than expected in SeptemberThe producer price data for September suggest U.S. inflation could remain uncomfortably high for a while
اقرأ أكثر »
Scotiabank is giving students the chance to win a $30,000 scholarshipWith inflation, rising rental prices, increasing tuition rates and more, this school year may be one of the toughest financially for students in Ca...
اقرأ أكثر »