First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/09/16/new-inflation-data-roils-wall-street-big-time-002594
As rate hike fears drove heavy selling on Wall Street this week, precious metals investors are finding some silver lining amid the storm clouds. Worse than expected inflation data has put a 75 basis-point rate increase firmly back on the table. Futures markets are now pricing in the possibility that the Federal Reserve will move by a full percentage point, though a three-quarters of a percent move is currently viewed as more likely.
