A Wing and a Prayer: SchiffGold Friday Gold Wrap Podcast Nov. 4, 2022

The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what’s next? That’s a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank’s monetary policy is “a wing and a prayer.” He also covers the recently released Q3 gold demand data.

Topics Covered

The Fed doesn’t seem to have a real plan
Fed Chairman Jerome Powell’s mixed messages
Market reaction to the Fed meeting
A comparison of rate hikes before the 2008 financial crisis to today
Third-quarter gold demand shows a healthy increase
The October labor market report

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.

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