The FED is gingerly trying to negotiate a fine line between tanking the markets vs. tanking the dollar. The result will likely support the markets while allowing the dollar to be further devalued by inflation.
Currently, rates are averaging 0.06%. But the inflation rate is currently at 5.4%, nearly the highest seen in the last 30 years, according to the "official inflation" rate, or the Consumer Price Index (CPI).
The United Nations Food and Agricultural Organization (FAO), which tracks the cost of food items globally, recently noted that levels of food-price inflation are rising at their highest rates in over a decade.
The numbers for 1-yr are mixed, with gold down 7.6%, silver down 14.6%, while platinum is up 8%, and palladium up 10%, since a year ago today. Presenting an interesting buying opportunity for gold and silver.