Investors keep bets on U.S. rates soon topping out, despite Powell’s hawkishness

Yahoo!Finance-Reuters/Davide Barbuscia/6-21-2023

cartoon image of Elmer Fudd hunting for Bugs Bunny“The market generally holds the view that the economy is set to slow, that the recessionary conditions that the consensus expects towards the end of this year and into the next will lead the Fed to ease monetary policy.” – Roger Hallam, Vanguard

USAGOLD note: Speculators are not buying Powell’s fire and brimstone……

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