The Fed is set to make its final monetary policy decision for 2022 this week, which experts say will set the table for 2023. Experts are expecting interest rates to be raised by half a percentage point. That decision will cap the year off with seven straight increases worth a whopping 4.25 percentage points, which the Fed made in just nine months—a pace unheard of since its last inflation fight in the 1980s. According to Bankrate, economists say it takes months, if not a full year, for rate hikes to fully filter through the economy. That means 2023 might be when consumers feel the pinch of higher rates beyond just surging homebuying costs or savings yields. In other news, one analyst who has been bearish on metals has changed his tune, saying gold and silver may be the outperforming assets for 2023.

Yahoo Finance/Alexandra Semenova
Inflation data, Fed meeting will set the table for 2023: What to know this week

A highly-anticipated inflation reading and the Federal Reserve’s last policy decision of the year will serve as highlights during what should be the final week of major economic news in 2022.

On Tuesday, the closely-watched Consumer Price Index (CPI) for November may foretell how much higher rates could go in the coming year.

And on Wednesday afternoon, the Fed’s latest monetary policy decision will almost certainly deliver to investors the seventh and final interest rate increase of 2022.

The government’s retail sales report out Thursday morning will add to a consequential week on Wall Street.

You can read the full story, here.

Elliot Wave Trader via GoldSeek/Avi Gilburt
Sentiment Speaks: Gold And Silver May Be The Outperforming Assets For 2023

When I was younger, I was taught that if you cannot say something nice, don’t say anything at all. Well, when many of you have asked why I have not written about metals in quite some time, now you know the reason. But, I think that’s about to change.

Before we begin, I want to give you a little background about my history in the metals market.

For those who may not remember the action we experienced in the metals market back in the summer of 2011, the market was going parabolic at the time, with some days seeing $50 increases. And the only arguments at the time were regarding how far beyond $2,000 gold was going to take us.

Yet, on Aug. 11, 2011, I concluded my first gold article on Seeking Alpha as follows:

“Again, since we are most probably in the final stages of this parabolic fifth wave “blow-off-top,” I would seriously consider anything approaching the $1,915 level to be a potential target for a top at this time.”

You can read the full story, here.

CNBC/Charmaine Jacob
Inflation has peaked — but it’s not returning to pre-Covid levels in 2023, Mastercard says

Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute.

“Inflation has seen its peak this year, but it will still be above what we had been used to pre-pandemic next year,” Mann told CNBC’s “Squawk Box Asia” on Friday.

It’ll take a few years to return to 2019 levels, he said.

“We do expect that we go back down in the direction of where we were back in 2019 where we were still debating how many countries needed negative interest rates.”

Read the full story, here.

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