Episode 12: Inflation, Reflation, and the Fed’s Long Road to 2%

John Caruso, Senior Market Strategist at RJO Futures, explains why the Fed’s recent 25-basis-point cut is “risk management” and why another 25 basis points may come in October and December. He describes how monetary and fiscal policies are creating a reflationary backdrop in the U.S. and globally, making the Fed’s path back to 2% inflation long and uncertain. Caruso highlights the structural headwinds facing the U.S. dollar, why deficits and debt keeps pressure on policymakers, and how this environment supports commodities, with gold breaking out and silver gaining strength.