Gold And Silver Rise As More Investors Aren’t Buying The Fed’s Messages – Investing.com

Gold And Silver Rise As More Investors Aren’t Buying The Fed’s Messages – Investing.com

As inflation continues to heat up, and markets are once again on the verge of breaking out.

On Thursday, the Bureau of Labor Statistics released the much-anticipated Consumer Price Index data. The came in at a full 5.0% year-over-year through May.

The so-called “” rate, which excludes food and energy, showed an annual increase of 3.8%. That represents the biggest jump since all the way back in 1992.

Meanwhile, Federal Reserve officials continue to downplay the inflation threat. They insist the recent surge is transitory and doesn't reflect a major trend to come.

But as Denver's local 9NEWS reported, not all economists are echoing the Fed's messaging on inflation.

We are again, talking about inflation. That's when prices rise for all sorts of goods and services, therefore our money buys less. It is happening now. Although many economists think it's only temporary and will stabilize once supply disruptions and other effects of the pandemic wear off. But the chief economist for Deutsche Bank disagrees saying that the aggressive stimulus and economic changes in the U.S. will cause inflation to get worse for the next several years.