Reuters/Francesco Canepa/10-28-2022

“The world’s top central bankers are beginning to fear that an already weak global economy will stall if they keep pressing on the brakes, unnerved by plunging commodity prices, turmoil in emerging markets and potential flashpoints at home.”

USAGOLD note: Inflation-fighting zeal materialized overnight and now it is evaporating just as quickly…… In this brave new world of highly politicized economic policy, “top central bankers” change with the wind. If they have to lean, inevitably they lean in the direction of more inflation.

Notable quotable
“It is inevitable that the Fed has to pause soon.” – Chris Iggo, Axa IM Investment Institute