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Spikes in asset rates, in addition to made use of autos and also trucks, are most likely to remain temporal claimed Bill Baruch, including that the Federal Book was best concerning rising cost of living projections.
" Rising cost of living truly is not an issue for me. Below's the thing, where rising cost of living matters today, we currently see it. Consider lumber costs, as well as take a look at chip shortages. It's supply chain associated," Baruch informed David Lin, anchor for Kitco Information. "When it concerns the Fed's metrics, we're not actually seeing the inflation, and that gives them much better factor to remain client."
In fact, Baruch said that he wouldn't be surprised to see a deflationary environment a few months from now.
0:00 – Leading trades of 2021
3:26 – U.S. dollar
6:09 – Nonfarm pay-roll report this Friday
8:35 – Rising cost of living issues
12:27 – Expectation for jobs report
13:20 – Biden's budget proposition
15:46 – Gold expectation
17:38 – Stocks overview
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Inflation is not a concern; these trading signs are much more important – Bill Baruch
Spikes in commodity prices, as well as used cars and trucks, are likely to remain transitory said Bill Baruch, adding that the Federal Reserve was right about inflation projections.
“Inflation really is not a concern for me. Here’s the thing, where inflation matters right now, we already see it. Look at lumber prices, and look at chip shortages. It’s supply chain related,” Baruch told David Lin, anchor for Kitco News. “When it comes to the Fed’s metrics, we’re not really seeing the inflation, and that gives them better reason to stay patient.”
In fact, Baruch said that he wouldn’t be surprised to see a deflationary environment a few months from now.
0:00 - Top trades of 2021
3:26 - U.S. dollar
6:09 - Nonfarm payroll report this Friday
8:35 - Inflation concerns
12:27 - Outlook for jobs report
13:20 - Biden's budget proposal
15:46 - Gold outlook
17:38 - Stocks outlook
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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