Inflation is Expected to do What?! Implications for Gold

From goldpriceforecast.com

In a surprising twist, the markets have taken a sharp turn, anticipating a dovish approach as a solution to the lingering inflation concerns. The markets just assumed a dovish U-turn in interest rates, thinking that the inflation problem is handled. The below chart features the inflation that’s expected in one year. chart Yes, you see it correctly. The market expects the inflation to move to about 1.31% in one year. A bit over 1% in one year… Really?! Here’s the recent CPI (YoY) reading: chart So, the CPI declined from above 6% to a bit above 5%, given all those rate hikes… Not below 2%, not below 3%, not ... (full story)