The Fed Lied but Gold Ain’t Died

by John Galt February 1, 2018 05:00 ET From today’s FOMC (Federal Reserve Open Market Committee) statement: Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Gains in employment, household spending, and business fixed investment have been solid, and the unemployment rate has stayed low. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based…

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