The Fed Up Fix Is In – Ep. 190

The Peter Schiff Show Podcast

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The price of gold continues to retreat Gold was down about $12 today; it closed around $1310 The dollar index up again as more and more people begin to contemplate the possibility of a rate hike in either September or December Or maybe even both, because the odds of a rate hike, either in September or December have now increased to about even money If you go back to June, the odds were practically zero What has changed in the last couple of months? The only thing that has really happened is that you've had various Fed officials going out of their way to mention that a rate hike is still possible Why would they do that? Obviously, a rate hike is possible Usually they are asked the question and they mention the possibility If the Fed had no intention of raising interest rates, I doubt they would admit it at this juncture They want people to believe that a rate hike is possible because if you admit that it's not possible, That opens a can of worms that the Fed isn't interested in opening just yet

342 episodes

#Business #Trading #Federal Reserve