First of, the FED is NOT fighting inflation, it is fighting the Barometer, which IS gold paid in USD.
I say this on the morning of the 18 sept rate cut decision, and because the gold price is again at a new high, I expect a NO change today, as in "higher rates for longer".
If they can not wait until AFTER the election, they are supporting the Harris Walz side.
First of, the FED is NOT fighting inflation, it is fighting the Barometer, which IS gold paid in USD.
I say this on the morning of the 18 sept rate cut decision, and because the gold price is again at a new high, I expect a NO change today, as in "higher rates for longer".
If they can not wait until AFTER the election, they are supporting the Harris Walz side.