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Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be "premature" to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, I break down this week's Fed meeting and the status of the inflation fight. 

Topics Discussed

• Jerome Powell's big flip-flop
• Fed signals rate cuts next year
• A so-so CPI report with a lot of hype
• Are financial conditions really tight?
• The Fed didn't win; it surrendered
• Why did the Fed pivot?
• Fed pivot jumpstarts gold rally

Video Length: 00:29:00

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