Core Insights - The discussion highlights the impact of tariffs on inflation, particularly in the appliance sector, where prices increased by 3.3% in the first seven months of this year compared to a 6% decrease in the same period last year, indicating a direct correlation with tariffs [2] - There is a bullish sentiment towards gold as a diversifier in investment portfolios, with central banks purchasing approximately 1,000 tons of gold annually over the last three years, which is double the previous decade's pace [4] - Retail and institutional investors are increasingly turning to gold as a complementary diversifier, especially during market downturns, where gold has historically performed better than Bitcoin during significant S&P 500 declines [5][6] Economic Indicators - The current economic environment shows a higher 10-year yield following Federal Reserve cuts, contrasting with historical trends where yields would typically decrease during economic slowdowns [7][8] - Inflation remains elevated, with core PCE projected at 2.9% for August, and GDP growth is reported to be over 3% for the third quarter, indicating a robust economy despite a slowing labor market [9][10]

Joining us now is former chief investment strategist at Bridgewater Associates, senior fellow now at the Council on Foreign Relations, uh, Rebecca Patterson. Rebecca, welcome. >> Good to be here.Happy Friday. >> Happy Friday. You see any evidence of inflation from tariffs.>> I think most economists do. So, I'm super excited to hear what Governor Myin has to say in more detail Monday when he speaks at the Economic Club of New York. I mean, just to give you one of many examples, if you look at appliances, las ...