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.
The Fed being stuck with keeping rates up does not mean anything about the economy being strong. It is just what inflation is forcing the Fed to do…until something badly breaks.
Central banks (with a big assist from governments’ fiscal actions) created the post-2020 inflation problem. Period. Now as the Fed tries to clean up its huge share of it, not all is as it appears.
The U.S. government has a spending problem, like a drunk dude shopping on Amazon. The current administration blew through $499.25 billion last month alone, a January record.
The digital tokens called Zimbabwe Gold (ZiG) can be stored in a digital e-gold wallet or on e-gold cards. An equivalent amount of physical gold held in the RBZ’s reserves backs each digital token.
The Utah legislature overwhelmingly approved a bill that would expressly exclude a central bank digital currency (CBDC) from the state’s definition of money.
