U.S. futures were mixed Monday as investors grew increasing concerned that the Fed may ‘taper’ early by cutting back on its monthly $120 billion bond purchases. Commodities fared even worse, reflecting concerns about falling demand in an economy that appears to be slowing.
Gold hit a 4-month low as investors considered the possibility that the Fed may raise rates to reign in inflation.
The only problem is that the Fed is largely powerless against inflation. Trillions of dollars in new money are already in circulation and are just starting to flow into the consumer goods market.Some see the gold move as […]
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