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A simple model points to a risk that US inflation takes longer to return to the 2% target than expected by the Fed because inflation dynamics have not returned to pre-COVID patterns, where the issue largely rests with services prices. This risk should not be overstated as dynamics could improve further, but is consistent with interest rates staying high for ...
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The situation on the forex market continues to develop with my previous comments. But – as you also read previously – the big impact on gold (and mining stock) prices can be delayed until the markets are more certain that the rallies are not accidental. That’s what we saw in 2022, but since I wrote about it in greater detail yesterday, I don’t want to ...