First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/11/03/gold-holds-firms-as-world-braces-for-financial-turmoil-war-002860
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold. The Fed’s preferred measure of so-called “core” inflation, which excludes food and energy costs, most recently came in at 3.7%. Despite having fallen substantially since last year’s peak, the official inflation rate has yet to approach the Fed’s 2% target.