Bloomberg/Steve Matthews and Kyungjin Yoo/7-22-2022
“Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economists surveyed by Bloomberg said. They expect the Federal Open Market Committee to lift rates by a half percentage point in September, then shift to quarter-point hikes at the remaining two meetings of the year.”
USAGOLD note: The Fed meets next week and we should get a sense then whether or not this survey presages events.
