schiffgold.com / BY SCHIFFGOLD / OCTOBER 28, 2016
Despite today’s GDP numbers and many expecting a rate hike in December, get ready for years of continued low interest rates for a struggling economy. A rate hike this year will simply be “too little, too late” for our weakest economy since 2008. Learn more about how the Fed factors into all of this in this week’s Fed Up Friday.
Yellen’s Desire to Run up Inflation could cause “Civil War” at Fed
There are an increasing number of hawks at the Fed who are at odds with Yellen’s monthly plans to continuing the policy of waiting for “good” data. Many see last September’s meeting as being “the straw before the straw” that breaks the camel’s back. There seems to be a growing division between the two camps, with more hawkish members putting up a tougher fight in December.
As Peter said in his latest podcast, a December rate increase will “too little too late” to negatively affect the gold market. “The Fed is going to deliver far less than it promised when it comes to rate hikes.”