Bloomberg/Michael Mackenzie and Liz McCormick/2-21-2023
“A swift reassessment of how high the Federal Reserve will raise interest rates this year has rocked the bond market in recent weeks. Now, the market faces a bigger threat: the growing notion that rates will stay elevated even after the US central bank’s inflation fight is all over.”
USAGOLD note: What if the economy continues to run hot? What if inflation remains persistent, even rises? After all, it does appear that the recession has been postponed – at least for now. “All these rate hikes,” says Vanguard Group’s John Madziyire, “potentially haven’t really impacted the economy.”
