US inflation pressures persist, reinforcing case for Fed hike
“Two key gauges showed persistent US inflation pressures in recent months, buttressing the case for another Federal Reserve interest-rate hike next week.”
USAGOLD note: The consensus opinion is that the Fed will raise rates this week because of inflationary concerns and that it will pause in June acknowledging a possible economic slowdown. It is difficult to understand the thought processes involved. Will conditions have changed to such a degree over a month’s period of time to justify a Fed retreat? Can the Fed fight inflation one month and recession/systemic risks the next?