from Birch Gold Group:

The latest information from the Federal Open Market Committee (FOMC) shows that the Federal Reserve is caught between a rock and a hard place.

Just before their latest meeting, CNBC reported that not much would change, and summarized the “feeling in the room” regarding Fed rates:

“Pretty much everybody on the FOMC is talking from the same script right now,” said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott. “With maybe one or two exceptions, policymakers pretty universally agree that the last few months of inflation data are too warm to justify action in the near term. But they’re still hopeful that they will be in a position to cut rates later.”