What I’ve been reading is that they’re planning at least three, possibly four interest rate-hikes in 2022 into 2023.
Precious Metals reacting BIGLY on the news:
Mama LIKE! :)
Actually rising interest rates should dampen the rise in gold prices.
One commentator used to say: interest rate hikes are like roaches, if you see one, you know there are more!
Were rates to get anywhere near where they were in the early 80s, some mortgage rates got to 18%, the housing bubble would not just break, it would explode. The fed deficit would climb by trillions just to pay interest on the fed debt.
SO, if gold does rise a lot, that could very well signal the death of the dollar and the end of the US as a super power, a goal of the commies for years.