First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2022/10/14/new-banking-crisis-looms-dangerous-enablers-rewarded-002610
As new inflation data pushes the Fed toward continuing with rate hikes, precious metals markets are struggling to make headway. On Thursday, the government released Consumer Price Index data for September. The so-called core CPI, which excludes food and energy, increased 6.6% from a year ago. That’s the highest core inflation reading since 1982.