GoldSeek Radio Nugget - David Haggith: The Fed's Rates and Implications for Gold

David Haggith, head of The Daily Doom: www.thedailydoom.com, rejoins the show with a review of the macroeconomic data and charts via the video feature.

- David notes the Fed policymakers are far less dovish; startled by inflationary Core CPI numbers.
- The PPI is also elevated, 0.5% higher than expectations.
- Might the Fed raise rates in March?
- We review the US Unemployment Rate chart - is this trend concerning to the Fed?
- Did the Fed overreact to the epidemic, opening the monetary spigots too far?
- Inflation is a difficult specter to contain, once unbottled.
- Will the Fed risk rate hikes in an election year?
- Can gold stage a rally to new records amid rate hikes, similar to the 1970's?
- The trend in US GDP remains solid - no signs of 2 back-to-back quarterly declines.
- Is the financial sector facing a risky technical situation - we review the chart with surprising results.
- Is the mountain of interest-rate sensitive derivatives on key money-lender's balance sheets, $250 trillions, unnerving investors?

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