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Craig Hemke at Sprott Money: More rate cuts (and overt QE) pending
11:28a ET Wednesday, October 9, 2019
Dear Friend of GATA and Gold:
More reductions in interest rates and more asset purchases are coming from the Federal Reserve, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Hemke writes: "This week has brought us the latest U.S. inflation data, with the Producer Price Index for September released on Tuesday and the Consumer Price Index due to be released on Thursday. The PPI was an absolute disaster for the inflation-loving Fed, as it not only showed zero price inflation at the wholesale level, it actually showed significant price deflation with a reading of -0.3%! Just as we expected, the Fed has crushed the U.S. economy by attempting to raise interest rates and drain the money supply. The resultant deflation will force The Fed's hand going forward."
Hemke's analysis is headlined "More Rate Cuts (and Overt QE) Pending" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/more-rate-cuts-and-overt-qe-pending-cra...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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