as I said few times in the past, if rates stay where they are, more US banks will start to fail. Reports came out another small bank failed and will be taken over by another bank.
Problem for the FED now is they need to hike again due to inflation refusing to fall and at same time they want to cut to prevent more bank failures. Reality is the FED won't hike (most likely scenario) but they will launch QE which is almost same thing.
Gold will love that.
Ann: Quarterly Activities Report, page-45
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