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According to some analysts, the latest consumer sentiment data puts the Federal Reserve in a difficult position. Lower optimism could weigh on consumption, which would support easing from the central bank; however, higher inflation expectations would support the current restrictive policy. “This 10 index-point decline is statistically significant and brings sentiment to its lowest reading in about six months. This month’s trend in sentiment is characterized by a broad consensus across consumers, with decreases across age, income, and education groups,” Hsu said.
- Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets.'Dramatic' re-pricing across all financial assets coming as the Fed moves away from its 2% inflation target to this - Larry McDonald - The gold market is holding onto solid ahead of the weekend as U.S. consumers worry about the health of the economy and stubbornly elevated inflation pressures.
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