Everyone thinks the Fed’s rate hike next week will be the final one — except the Fed

MarketWatch/Greg Robb/7-21-2023

“Wall Street economists seem convinced that the Federal Reserve will raise its benchmark interest rate by 25 basis points next week and that this increase will turn out to be the final hike of this cycle. But they also don’t expect to hear Fed Chair Jerome Powell say so, at least not yet.”

USAGOLD note: Several analysts have come forward over the past month to state their belief that inflation is down but not out – in a lull rather than full remission. If that proves to be the case, the Fed could be chasing the inflation rate for many months to come.