The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we’ve passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why “good news” in the CPI data would be bad news for inflation. Then he reacts to the data in real-time. (Hint — it wasn’t good news.)
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and Stitcher.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
You Can Also Listen on SoundCloud
Treasury Scrambles to Lock in Rates as Borrowing Cost Soars
Consumer Debt Breaks Record as Americans Up Borrowing to Cope With Inflation
We Are Hurtling Toward Stagflation
SchiffGold on Twitter: @SchiffGold
SchiffGold on Instagram: SchiffGoldNews
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!