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NewsMax/Barrons-Charlie McCarthy/5-17-2021
“‘The trend is not the Fed’s friend,’ Apollo Global Management chief economist Torsten Sløk told Barrons. Grocery shoppers, home buyers, manufacturers, and retailers all say their dollars are buying less. Their day-to-day survival can’t ignore the food and energy costs that are backed out of price metrics preferred by policy makers.”
USAGOLD note: More than transitory, says Barron’s McCarthy……The Fed has a choice to make. Stay behind the yield curve and keep markets propped up, or get ahead of it and kill the goose laying the golden eggs. A string of Fed board members, including the Chair, see no need to press the issue at this juncture. It will stay the course.
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