Investors drop bets on falling US interest rates in face of stubborn inflation

Financial Times/Kate Duguid/2-16-2023

graphic image of the charge of the lemmings“Investors who for months had been banking on the Federal Reserve cutting interest rates this year have been forced to back off those bets after a raft of strong US economic data that suggests persistent inflation.”

USAGOLD note: Speculators dart this way, then that, always with the hope that they catch a wave (and not go over a cliff)……Investors do their research, choose carefully, then commit for the long run, usually within the context of a balanced portfolio. Most of USAGOLD’s clientele fits in the second category.

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