The US Federal Reserve is willing to tolerate a recession as a necessary trade-off for regaining control over inflation. The US central bank raised interest rates by 75 basis points for the third time in a row, leaving the Federal Funds Rate between 3% and 3.25%. It also forecast a further tightening of 1.25 percentage points by the end of the year. Carsten Menke, our Head of Next Generation Research, shares his view on gold and Nicolas Jordan from the CIO office provides an update on this week’s Investment Committee meeting.00:08 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:34 Gold by Carsten Menke (Head of Next Generation Research)05:09 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)08:55 Closing remarks by Alexander Petersen (Investment Writing)