Inflation Has Bottomed, Fed Must Soon Cut into Rising CPI
The hope for fast rate cuts from the Fed is fading into the distance, and as a result, gold and silver are getting smashed short term. But the stickiest of price metrics are clearly showing that what they call "inflation", meaning rising consumer prices, has already bottomed, and we are already in the second wave. Meaning, when the next banking crisis comes into full bloom, the cuts that will come in its wake will be made into a rising CPI.
The table is set now. We're just waiting for the next group of banks to crack. In the meantime, the Fed is now requiring all banks to borrow from its emergency discount window at least once a year, in order to "reduce stigma."
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