BofA still a believer in the Fed pivot, even as monetary officials signal their resolve to keep policy tight next year to crush elevated inflation.
Federal Reserve policymakers stressed on Monday that they will raise borrowing costs further to curb inflation.
For an asset often touted as some ultimate “safe haven” or “inflation hedge”, gold is having a difficult year. Gold has looked more like a risk asset.
Could inflation turn into hyperinflation in US or eurozone?Natixis Economists determine conditions be met for inflation to turn into hyperinflation.