The Fed's Next Quarter Point Rate Hike Will Not Be Effective

Inflation is about an expansion of the money supply, which includes credit because this credit is being spent. Consumers are not cutting back on their spending because of higher prices. They just keep on spending. So prices are going to keep on rising. Gold again sold off on this tougher Fed. Oh, the Fed's going to fight harder to beat inflation. No, the Fed is losing its fight with inflation. And no matter how much they hike it, it's not going to matter. That's what the market still don't understand.