Poll: Fed to keep rates untouched, default risk high

NewsMaxFinance/Staff/5-17-2023

“The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who also said the risk of a U.S. default over the debt ceiling was higher compared to prior standoffs.”

USAGOLD note: Market players, we are told consistently, believe just the opposite, i.e., that the Fed will be forced to cut rates in 2023.