Sorry, pivots only happen in policy not in whispers about remote hypothetical possibilities months into the future, so NO PIVOT. Nada one. Not even a slow curve in the general direction.
Due to strong demand coupled with a stable gold price, assets under management by Chinese-based gold ETFs rose by $113 million to $4 billion in January. An all-time high.
Where the rot is probably greatest, but more veiled for the moment, is in the operations of organized capital, the banks and money systems, including financial markets.
The political class wants you to believe higher shipping costs, or rising oil prices, or greedy corporations, or "Putin's price hikes" or perhaps Vodoo is causing price inflation. That lets them off the hook.
Economists today selectively choose the largely incorrect data that has the ability to tell a politician his preferred policy is correct, even when it's horrible.
The Fed claims to be data-dependent. The data says talk of inflation’s demise was premature. No matter how you massage the numbers, nothing indicates the Fed is winning this fight.
