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Fed’s Jay Powell refuses to rule out string of aggressive rate rises

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Published : January 27th, 2022
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Financial Times/Colby Smith and Kate Duguid/1-26-2022

“Powell dodged a question on whether the Fed could raise rates at every subsequent meeting this year — which would amount to seven increases in 2022 — instead saying that the central bank would be ‘humble and nimble’ and ‘guided by the data.'”

USAGOLD note: With that Powell humbly and nimbly rattled the markets ……… Stocks plummeted almost 475, bond yields leaped and gold gave up near $25.

Read the rest of the article at USA Gold
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