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November 17, 2023 36 mins
Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more rate hikes, and rate cuts are right around the corner. But as Friday Gold Wrap host Mike Maharrey reminds us, it's not over until the fat lady sings. And she hasn't sung a note. In this episode, he breaks down the latest CPI data and explains why the victory dance might be premature. You can visit the show notes page here: https://bit.ly/49Jm1Lu Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED - CPI comes in slightly cooler than expected - The market's gleeful reaction to the CPI data - Three reasons the war on inflation victory dance might be premature - The US government kicks off fiscal 2024 with another big deficit - Interest was the second-biggest expense for the federal government last month
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