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“It really is a story of much stronger demand,” Powell said. “There may be some ways the economy is less affected by interest rates. It’s hard to know precisely.”
The list of uncertainties goes on....
https://t.co/8kQ7jJ6roj
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Why gold price has soared?
* Low job openings in the US
* Poor economy outlook - SVB, Credit Suisse, Silvergate, etc
* Stubborn inflation
* No signs of The Feds stopping interest rates hikes