The Fed’s chances of hiking rates by 75 basis points in December is, “significantly reduced” based on current trend forecasts, says Will Rhind, founder and CEO of GraniteShares. Housing is already in a recession here in the United States, “and there’s still a long way to get inflation to 2%.” [The Fed] can only look in the rearview mirror. The rally that is coming will be largely technical, end of year rally. and the economy will get worse from here not better. He concludes by stressing that if the dollar’s rally is paused or continues downward there will be a rally in gold.
#gold #recession #federalreserve
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