Global central banks bought a record amount of gold in Q3. They keep saying gold is not important while they themselves are buying gold as if there is no tomorrow

🇺🇸 BlackRock || on the Fed

🔹 We see the Fed ultimately living with higher inflation as it sees the effect of its rate hikes on growth and jobs.

🔹 For now, the Fed seems to be responding solely to the politics of inflation.

🔹 This has caused us to reduce portfolio risk.

— PiQ  (@PriapusIQ) November 1, 2022

‘The Fed is rare among central banks for having an employment mandate alongside the more traditional price stability mandate. The two objectives are widely seen as complementary but the balancing act becomes more difficult during bouts of high inflation.’ t.co/WLNt37T7sQ

— Jesse Felder (@jessefelder) November 1, 2022