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	<title>Gold &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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		<title>« On balance »… la Fed n’envisage pas de baisser davantage ses taux en décembre</title>
		<link>https://richesflores.com/2025/11/19/on-balance-la-fed-nenvisage-pas-de-baisser-davantage-ses-taux-en-decembre/</link>
					<comments>https://richesflores.com/2025/11/19/on-balance-la-fed-nenvisage-pas-de-baisser-davantage-ses-taux-en-decembre/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Wed, 19 Nov 2025 21:49:59 +0000</pubDate>
				<category><![CDATA[Banques Centrales]]></category>
		<category><![CDATA[États-Unis]]></category>
		<category><![CDATA[Sur le vif]]></category>
		<category><![CDATA[Bourses]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Taux]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=21411</guid>

					<description><![CDATA[En dépit de nombreuses incertitudes sur les tendances de la conjoncture américaine...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>OMB February 2018 – Our barometers of activity and inflation collapse</title>
		<link>https://richesflores.com/2018/03/05/omb-february-2018-our-barometers-of-activity-and-inflation-collapse-dax-dollar-emerging_markets-gold-oil/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 05 Mar 2018 16:51:28 +0000</pubDate>
				<category><![CDATA[DAX]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[Emerging markets]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[OMB]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=9525</guid>

					<description><![CDATA[Our activity indicator fell into negative territory in February (-0.4), because of...]]></description>
		
		
		
			</item>
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		<title>Global Inflation</title>
		<link>https://richesflores.com/2013/05/12/inflation-monitor/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Sun, 12 May 2013 09:18:02 +0000</pubDate>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Emerging]]></category>
		<category><![CDATA[IN CHARTS]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Developed countries]]></category>
		<category><![CDATA[emerging countries]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Monetary Policy]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=1542</guid>

					<description><![CDATA[Recent disappointment with a sluggish economy has altered perceptions about the risk of inflation. Since the beginning of March, ten-year inflation expectations in the U.S. bond market have shed 30 basis points, the sharpest decline in the past year. At the same time, plummeting gold prices bear witness to growing doubts about the reflationary policies pursued by central banks. Moreover, current global trends suggest that this sentiment won’t be changing any time soon:
•	With inflation rates well below 2 percent and still receding, most industrialized countries are inching their way toward deflationary territory. High unemployment and low capacity utilization rates exert strong downward pressure on wages and producer prices, a trend accentuated by softer energy prices. 
•	The rising inflation observed in an increasing number of emerging economies is in fact limited to those with little global influence, primarily India, Russia, Brazil, and Argentina. Asia’s exporters of manufactured goods still show low inflation rates that are much closer to those in the advanced countries. 
All these developments should therefore encourage central banks the world over to go further with monetary easing
]]></description>
		
		
		
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