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

Financial Times/Kate Duguid/2-16-2023

“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.