Fed rate path hinges on trade off between stable banks or prices

Bloomberg/Craig Torres/5-23-2023

graphic representation of stuck between a rock and a hard place
“Federal Reserve policymakers are increasingly grappling with a critical question: How much should they weigh the adverse impact of their interest-rate hikes on banks against the goal of containing the fastest price increases in decades?”

USAGOLD note: Stark choice…… And, in our view, it’s not just the banks that the Fed needs to be worried about.

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