The Fed’s Crossroads – Hawkish or Dovish?, by Arkadiusz Sieroń
Editor’s Introductory Note: This guest article was selected by JWR. It was first published by Sunshine Profits, and is reposted with permission. — While Flash US Purchasing Managers Index (PMI) declined further in January, the input inflation accelerated. It’s not clear whether the Fed should become more dovish or hawkish – and that impacts gold. The flash US PMI Composite Output Index registered 46.6 in January, up from 45.0 in December. It implies that the decline in business activity softened to the slowest in three months. But it was a further fall, as each number below 50 means a decrease …