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Inflation is now at yet another four-decade high, with the headline consumer price index surpassing (CPI) December’s reading of 7% to reach 7.5% in January, according to the latest data release from the Bureau of Labor Statistics.
All eyes are now on the reaction of the Federal Reserve. Michelle Makori, editor-in-chief of Kitco News, discussed likely responses from the world’s largest central banks, as well as the assets that will benefit most from a high inflationary environment, with Mike Lee, founder of Mike Lee Strategy, and David Nelson, chief strategist of Belpointe Asset Management LLC.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Follow Mike Lee on Twitter: @MikeLeeStrategy (https://twitter.com/MikeLeeStrategy)
Follow David Nelson on Twitter: @davidnelsoncfa (https://twitter.com/davidnelsoncfa)
0:00 – Inflation and the Fed
8:00 – Recession
12:11 – Investment implications
16:17 – Russia/Ukraine tensions
21:53 – Gold and Bitcoin
#inflation #gold #Fed
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