Fed may pause ‘for an extended period of time’ after rate hike, says BlackRock’s Rick Rieder

MarketWatch/Christine Idzelis/5-3-2023

“’Then I think we’re going to go on pause for an extended period of time and let the prior hikes marinate through the system,’ Rieder said, pointing to the ‘shock’ of 500 basis points’ worth of central-bank rate hikes within a year.”

USAGOLD note: Such a change in Fed policy direction would likely be received as a major positive for the gold market,