If the US has an increasing workforce, an increasing current account deficit and a major housing recession, it is between a brick and a hard place.
Reducing interest rates will bring on inflation if the data is correct.
However, I believe the Fed has a remit to keep the economy bubbling along and has no mandate to control inflation unless it impacts on the economy.
Assuming the data is correct, the gold price should continue to rise.
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If the US has an increasing workforce, an increasing current...
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