Financial Times/Colby Smith/10-29-2022
“But two months on, what exactly ‘it’ will take is still far from obvious. There remain colossal unknowns about just how quickly inflation will moderate, the extent of the job losses as the central bank cools the economy, and whether the financial system can digest such a rapid surge in borrowing costs.”
USAGOLD note: Financial Times takes a deep dive into what is influencing Fed policymakers at this juncture as we head into next week’s FOMC meeting. The decision on rates will be announced Wednesday followed by a press conference.