inflation is temporary
no rate hike in near future
but reduction in securities purchase (aka taper) is on the table at year end.
Gold rises after Jackson hole.
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although a quarter point cut is announced which is what was expected, but thinking about about fewer cuts next year ..market dropped 4.2% fr...
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That 40000 smart people working in US govt realized that they should quit before being fired .. .. that the job they are doing may not be ne...
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