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Precious Metals Market Report: Q3 2023
Through 2023 as the US Federal Reserve, in company with most developed world central banks, battles inflation, economists and commentators have often expressed the ironic view that “Good news is bad news”. By this they mean that the strength of the US economy and the concomitant tight labour market in the face of a series of interest hikes (three from the Fed this year and still counting), while usually something to be celebrated, is proving problematic. In short, economic resilience in the current environment is making inflation stickier than Jerome Powell and his colleagues on the Federal Open Market Committee, ... (full story)