Moss Warns of Economic Shocks and Inflation Pressures Amid Rising CPI

Economic analyst Daniel Moss has sounded the alarm on rising economic shocks and inflationary pressures. According to Moss, while inflation targets may be strained, they should not be abandoned. This warning comes as U.S. inflation figures show a year-over-year increase in the Consumer Price Index (CPI) of 3.4% for July, with core CPI at 2.5%, both above the Federal Reserve's 2% target.

The data indicates persistent inflationary pressures, particularly influenced by a 14.7% rise in energy prices over the year. This has led to market participants increasingly focusing on gold as a potential safe haven. Current market odds for gold hitting $4,700 in August stand at 7%, reflecting cautious optimism that economic uncertainty could drive prices higher.

Moss's remarks appear to suggest continued vigilance on inflation targets despite rising economic shocks. Market pricing implies that participants view gold as a potential safe haven, consistent with an increased likelihood of price elevation.