Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON January 16, 2023  - POSTED IN Key Gold Headlines

The US government ran an $85 billion budget deficit in December, according to the Monthly Treasury Department Statement. That was much lower than November’s massive $248.5 billion shortfall, but don’t be deceived by the drop. December is typically a low deficit month. The relatively big shortfall indicates the federal government is on a trajectory to blow past the $1.38 trillion fiscal 2022 deficit.

POSTED ON January 13, 2023  - POSTED IN Exploring Finance

The Federal Government ran a deficit of -$85B in December. While this was much smaller than the deficit posted in November, it marks one of the largest December deficits ever. 

That pushed then 2022 calendar year deficit to over $1.4 trillion.

POSTED ON January 13, 2023  - POSTED IN Exploring Finance

The CPI cooled again in December driven by a massive fall in Energy prices. As shown below, the fall in Energy has been a big reason for the recent drop in inflation. Commodities have also been a driver down as Used Cars and Trucks fell -2.5% MoM and -8.8% YoY. That said, stickier items like Shelter continue to increase.

POSTED ON January 13, 2023  - POSTED IN Friday Gold Wrap

The headline numbers from December’s CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that “cooling” price inflation is most likely transitory and the markets still don’t really understand the Fed’s position. He also gives an overview of gold’s performance in 2022.

POSTED ON January 12, 2023  - POSTED IN Original Analysis

Based on the headline numbers, price inflation cooled again in December, boosting market optimism that the Federal Reserve will continue to ease off the pedal on its monetary tightening. But this could be setting the stage for more price inflation down the road.

And a deeper look at the data reveals that a lot of inflationary pressure remains despite the optimistic headlines.

Call Now