This CPI report was not an all-clear signal to the Fed. The headline rate year over year was still +7.7%. The core rate was still +6.3%. Those numbers are still way too high. Whatever the market thinks, the Fed is still on inflation watch.
If you are looking for an asset class that has stood the test of time, been used by kings and governments to protect their wealth and is recognized all over the globe, then there really is no choice, Gold..
