Markets Can’t Stop Thinking About Fed Not Thinking About Hiking

(Bloomberg) — Gold is rallying, a time-honored sign of gloom. But speculative companies in the stock market are also surging, signaling faith in an economic turnaround. Then there’s the dollar, which just had its worst month in a decade.Moves across asset classes right now seem especially chaotic, lacking a unifying theme. Until you look at interest rates.Specifically, real rates — jargon for yields after accounting for inflation. They’re a concept long familiar in emerging markets, where prices have always bounced around more, often feeding through to their currencies. America is seeing something of the same thing: because increasing consumer costs …read more

Source:: Yahoo Finance