GLD’s Response To New York Fed’s Call For Higher Inflation
By FX Analyst
Summary
- Dudley sees higher future inflation even as inflation is currently at 0% now.
- He cites evidence of an improving economy and the end of the low energy prices.
- GLD gapped up after his speech indicating market acceptance and is set to go higher.
The current inflation in the United States is at 0% as seen on the chart below after months of steady decline. This is reflective of the steady decline of oil prices since June 2014, which moderated the price increase of most goods and services across the economy. During this period of disinflation, there are fears that