If you followed the headlines, you know that the June CPI report was even cooler than expected. This generated optimism that maybe, just maybe, the Fed is finally getting inflation under control.
But there's more to the story.
In this episode of the Midweek Memo, host Mike Maharrey tells you the rest of the story, revealing that despite falling CPI, inflation is alive and well. On top of that, the good CPI news may green-light even more inflation.
Mike also points out a very interesting trend in the gold market. Gold is up during Asian trading sessions through the first half of the year, even as the yellow metal sold off during North American sessions. What is this telling us?